What to know:
- Millionaire XRP wallets accumulated 1.53 billion coins in six months.
- Whale ownership climbed to 74.1% of XRP’s total supply.
- XRP rose 4.8% as improving sentiment boosted market demand.
A small group of XRP’s largest holders now controls more than 74% of the cryptocurrency’s total supply, highlighting the growing influence of whale wallets across the network. New data from on-chain analytics platform Santiment shows that wallets holding at least one million XRP have steadily increased their positions over the past six months.
Whale Ownership Continues to Rise
Santiment’s chart illustrates a gradual increase in whale ownership from approximately 73.7% six months ago to the current level of 74.1%. While the increase may appear small in percentage terms, it represents a substantial amount of XRP due to the asset’s large supply.
The additional 1.53 billion coins acquired by millionaire wallets suggest that major investors remained confident in XRP despite challenging market conditions. Moreover, the steady accumulation pattern indicates a longer-term investment strategy rather than short-term trading activity.
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According to Santiment, whale confidence may also be linked to Ripple’s expanding presence in institutional finance. The company continues to grow its payment network while pursuing new opportunities across cross-border settlements and blockchain-based financial infrastructure.
Additionally, tokenization initiatives on the XRP Ledger have gained increasing attention from institutions exploring digital asset applications. Growing interest in real-world asset tokenization has strengthened the broader investment narrative surrounding the network.
XRP Posts Recovery as Sentiment Improves
Meanwhile, XRP has also benefited from improving conditions across the cryptocurrency market. At the time of writing, XRP was trading at $1.28, reflecting a 4.8% gain over the previous 24 hours.
According to Santiment, traders responded positively to reports that the US-Iran conflict had resolved, easing concerns that had pressured risk assets. Improved sentiment encouraged buying activity across several cryptocurrencies, including XRP.
In conclusion, Santiment’s latest data shows that millionaire XRP wallets continue to increase their influence over the network. With these holders now controlling more than 74% of the total supply, their activity remains a key indicator for market participants tracking XRP’s long-term outlook.
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