XRP whale wallets hold 68.5% of supply, highest share since November 2022
In brief
- Wallets with 10 million or more XRP held up to 46.87 billion XRP, per Santiment data.
- Whale wallets' share, about 68.5% of supply, is the highest since November 2022.
- XRP traded near $1.29 to $1.30 when U.Today published its report.
- The data doesn't show whether large holders plan to hold long term or sell higher.
What the Santiment data shows
The numbers come from Santiment Intelligence data, as reported by U.Today. The cutoff here is 10 million XRP per wallet, and anything at or above it counts toward the whale total. Wallets over that line held up to 46.87 billion XRP combined, which works out to about 68.5% of XRP's supply.
That's the highest whale share since November 2022.
U.Today also reported that combined whale balances kept growing despite weak market conditions. Put simply, the group's total didn't shrink as the market softened (the outlet described the expansion as significant).
Where XRP's price sits
XRP traded near $1.29 when U.Today published its report, during what the outlet called a prolonged price correction. The report also said the token was hovering around the $1.30 mark. Those are U.Today's figures at the time it published, not a live price.
So the whale share climbed to its highest level since November 2022 while the price was still in a correction.
What the data doesn't show
Here's the catch. Bigger balances don't explain motive, and the source says so itself: the data doesn't establish whether large XRP investors are buying for the long term or getting ready to sell at higher prices. Either reading fits the numbers as reported.
What's driving the shift, then? The Santiment figures, at least as U.Today reported them, don't say. Right now the data shows where XRP supply sits (more of it in wallets holding 10 million or more tokens than at any point since November 2022), and it tells us nothing about what those holders plan to do next.
Frequently asked questions
How much of XRP's supply do whale wallets hold?
Wallets holding at least 10 million XRP held up to 46.87 billion XRP combined, according to Santiment data reported by U.Today. That's about 68.5% of XRP's supply, the highest share held by whales since November 2022.
Does rising XRP whale concentration mean large holders expect higher prices?
Not necessarily. U.Today noted the data doesn't show whether large XRP investors are buying for the long term or getting ready to sell at higher prices. The figures show where supply sits, not what holders intend to do.
