XRP Whale Wallets Drop 20% as Holdings Reach 7-Year High

Recent data from Santiment reveals a significant shift among XRP's largest holders on the XRP Ledger.

Key Points

  • The number of large "whale and shark" wallets holding over 100M XRP has decreased by 20.6% over the past eight weeks.
  • Despite the reduction in the number of these wallets, their collective holdings have reached a seven-year high of 48 billion XRP.
  • A chart from Santiment illustrates this trend with a notable decline in wallet numbers but an increase in total held XRP, highlighting a concentration dynamic.
  • This suggests that while fewer wallets exist, those remaining hold more XRP on average than before.
  • At the time of reporting, XRP was priced at $2.01.

XRP whale activity

The findings indicate a consolidation phase where large holders are concentrating their XRP holdings into fewer wallets. This trend does not provide a directional price view but is noted as a fascinating structural change on the network.