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XRP sees record growth in large-holder wallets as accumulation outpaces volatility

XRP sees record growth in large-holder wallets as accumulation outpaces volatility

Large XRP holders demonstrate resilience and long-term commitment amid market fluctuations and price turmoil.

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by Vivian Nguyen

The number of XRP Ledger wallets holding at least 10,000 XRP has reached 332,230, according to Santiment data.

That marks the peak of a nearly two-year accumulation trend that has held through major crypto volatility, including deep drawdowns in XRP’s price and episodic market-wide liquidations that briefly reduced the number of large holders.

Between February 6 and 8, the number of XRP Ledger wallets holding at least 10,000 XRP fell by more than 4,500, though no direct XRP-related event has been identified. The timing suggests the decline was tied to the wider crypto market downturn and liquidation event in early February. Wallet growth has since rebounded beyond its previous levels.

XRP traded at $1.45 at press time, about 60% below its all-time high of $3.6 set in July, per CoinGecko. The asset currently ranks as the fourth-largest crypto by market value, after recently being overtaken by BNB in market capitalization standings.

The steady rise in wallets with sizable XRP balances is seen as a positive long-term development because it indicates large holders have continued to accumulate through market volatility. Historically, expanding numbers of mid-to-large wallets have been associated with strong convictions and long-term investment behavior.

The pattern implies that many holders accumulate during market weakness rather than responding to short-term price momentum.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
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XRP sees record growth in large-holder wallets as accumulation outpaces volatility

XRP sees record growth in large-holder wallets as accumulation outpaces volatility

Large XRP holders demonstrate resilience and long-term commitment amid market fluctuations and price turmoil.

by Vivian Nguyen

Share

Add us on Google

The number of XRP Ledger wallets holding at least 10,000 XRP has reached 332,230, according to Santiment data.

That marks the peak of a nearly two-year accumulation trend that has held through major crypto volatility, including deep drawdowns in XRP’s price and episodic market-wide liquidations that briefly reduced the number of large holders.

Between February 6 and 8, the number of XRP Ledger wallets holding at least 10,000 XRP fell by more than 4,500, though no direct XRP-related event has been identified. The timing suggests the decline was tied to the wider crypto market downturn and liquidation event in early February. Wallet growth has since rebounded beyond its previous levels.

XRP traded at $1.45 at press time, about 60% below its all-time high of $3.6 set in July, per CoinGecko. The asset currently ranks as the fourth-largest crypto by market value, after recently being overtaken by BNB in market capitalization standings.

The steady rise in wallets with sizable XRP balances is seen as a positive long-term development because it indicates large holders have continued to accumulate through market volatility. Historically, expanding numbers of mid-to-large wallets have been associated with strong convictions and long-term investment behavior.

The pattern implies that many holders accumulate during market weakness rather than responding to short-term price momentum.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.