The number of XRP millionaire wallets has dropped, even as the token recently scored a legal victory that briefly lifted market sentiment. According to updated figures from Rich List, only 4,904 wallets currently hold at least $1 million worth of XRP.
This represents just 0.077 percent of the 6.288 million wallets on the network. Wallets between 500,000 and 1 million XRP comprise the lowest tier of millionaire holders, totaling 2,278 addresses.
The next tier, which includes holders of 1 million to 5 million XRP, consists of 1,922 wallets. These investors jointly control over 4.4 billion XRP, accounting for approximately 7.5 percent of the circulating supply.
Further up the ladder, 208 addresses hold between 5 million and 10 million XRP, with combined holdings of 1.397 billion tokens. Meanwhile, 270 wallets manage balances between 10 million and 20 million XRP.
A smaller group of 56 wallets sits in the 100 million to 500 million range, while only 24 wallets currently hold between 500 million and 1 billion tokens. The largest category includes just five wallets with over 1 billion XRP each, widely believed to be affiliated with Ripple or major exchanges.
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Market Price Drop Pushes Many Below Millionaire Threshold
With the current price drop to $2.40, an investor must hold over 419,0667 XRP to maintain a portfolio valued at $1 million. This is a notable shift from when XRP traded at $3, where only 333k tokens were required to reach the same milestone.
The price change has directly impacted investor classifications within the XRP ecosystem. Many addresses that once qualified as millionaire wallets have now fallen below that threshold, not due to selling off tokens but because of declining token value.
This price-driven shift explains part of the decrease in millionaire wallet numbers. As the market remains volatile, more investors may continue to move in and out of the millionaire category based on price fluctuations alone. The threshold will likely keep adjusting to the token’s market performance.
Whale Wallets Shrink While Mid-Tier Accumulation Increases
Despite a decline in millionaire wallets, recent on-chain data from Santiment suggests that some investor groups have been increasing their XRP holdings. Since February 17, wallets with balances between 1 million and 10 million XRP have added 200 million tokens.
This brings their total holdings to 5.61 billion XRP. In addition, holders managing between 10 million and 100 million XRP have acquired another 290 million tokens in the same period.
Their collective balance now stands at 6.83 billion XRP. This shift indicates a cautious accumulation strategy by mid-tier investors, who appear to capitalize on lower prices during market pullbacks.
Ongoing Redistribution Signals Market Caution
The ongoing decline in millionaire wallets does not necessarily reflect a full exit from the XRP market. Instead, it points to a redistribution of holdings, with some investors reducing exposure and others increasing their stake.
This pattern suggests caution among large holders and confidence among mid-sized wallets. Although XRP remains volatile, the steady accumulation by certain groups signals continued belief in its long-term potential.
The evolving structure of XRP ownership highlights the market’s mixed response to recent developments, including regulatory clarity and price fluctuations.
At the time of writing XRP was exchanging hands at $2.40 which is a decrease of 2.46% within the last 24 hours.
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