- Large holders have been reducing positions in Bitcoin and Ethereum due to profit-taking and portfolio shifts.
- Wallets with 10K+ XRP are up 220% in five years, with 100K+ wallets up 120%, signaling strong accumulation.
- Retail and mid-tier investors are driving demand, reflecting long-term belief in XRP’s utility and adoption.
In contrast to the steady decline in large Bitcoin (BTC) and Ethereum (ETH) wallets over the past year, new data suggests XRP is charting a very different course. While profit-taking and portfolio rotations have led to a decline in holdings of BTC and ETH, XRP wallets are steadily increasing, indicating growing confidence and sustained accumulation among investors.
Bitcoin and Ethereum Wallets in Decline
Over the past 12 months, the number of large wallets holding BTC and ETH has decreased gradually. Analysts attribute this to investors taking profits following price surges, as well as strategic reallocations into other assets across the digital asset market.
The trend reflects a broader pattern of volatility among top cryptocurrencies, where large holders often lock in gains after significant rallies.
XRP Wallets Show Strong Growth
XRP, however, has been moving in the opposite direction. According to community researcher Mattmax, wallets holding at least 10,000 XRP have surged more than 220% over the last five years. Even at the higher end of the spectrum, wallets holding 100,000 XRP or more have climbed by 120% in the same period.
Also Read: JP Morgan Already Connected to XRP? Pundit Connects Dots
This sharp rise in wallet growth signals a strong accumulation trend among both retail and mid-tier investors. Unlike the reduction observed in BTC and ETH wallets, XRP’s trajectory highlights increasing confidence in the token’s long-term prospects.
Source: CoinMetrics
Retail and Mid-Tier Investors Driving Demand
The consistent increase in wallet sizes suggests that XRP’s growth is not limited to institutional players alone. Retail holders are steadily accumulating, while mid-tier investors are also adding to their positions. This widespread accumulation underscores a belief in XRP’s future utility and adoption within the broader blockchain ecosystem.
Analysts note that wallet growth often serves as a proxy for market sentiment. As more investors accumulate and hold onto their XRP, it suggests long-term conviction rather than short-term speculation.
Source: CoinMetrics
The rising number of holders may also reflect optimism around Ripple’s ongoing push to expand its cross-border payments infrastructure. With increasing adoption by financial institutions and ongoing developments in blockchain-based settlement systems, XRP appears to be gaining traction as a utility-driven asset.
Conclusion
While Bitcoin and Ethereum continue to dominate headlines, XRP’s quiet but steady accumulation trend tells a different story. With wallets of all sizes on the rise, XRP investors appear to be signaling long-term confidence in the project’s future. If the trend continues, XRP could strengthen its position as one of the most resilient assets in the crypto market.
Also Read: “A Lot Could Happen For XRP and Ripple in October” – Lawyer Reveals What’s Coming
