Whales Amassing 3,170,000,000 XRP, Now Hold Their Largest Supply Share in History

$XRP whales with balances between 10 million and 100 million $XRP now hold their largest supply share in history.

This development comes on the back of a recent accumulation campaign carried out by this exclusive tier of addresses. The purchase spree has seen them amass up to 3.17 billion $XRP, currently valued at $4.5 billion since October 2025, when the ongoing market downtrend picked up momentum.

Key Points

• $XRP whales holding between 10 million and 100 million tokens now hold 17.04% of the circulating $XRP supply, representing their largest share in history.
• This feat comes on the back of a recent accumulation trend that has seen these whales procure 3.17 billion $XRP since October 2025.
• The accumulation trend gained steam shortly after the ongoing market turbulence began, pointing to a possible “buy-the-dip” campaign.
• While this tier has accumulated, another set of whales, holding between 100,000 and 10 million tokens, has distributed 3 billion $XRP since October 2025.

$XRP Struggles Impact Market Sentiment

This is according to data provided by market intelligence platform Santiment, as $XRP battles to escape the ongoing bearish spell. For context, $XRP, which soared to an all-time high of $3.66 in July 2025, has now slumped to the current price of $1.42. This represents a 61.2% drop from the summit.

Market data confirms that the ongoing downturn for $XRP began in August 2025 but picked up pace in October, when the broader crypto market also flipped bearish. Now, $XRP has recorded four consecutive red monthly candles since October 2025, and is on track to see a fifth consecutive one, with a 13.33% decline in February. The last time $XRP saw five straight red monthly candles was in 2016/2017.

$XRP Whales Take Advantage

While the downturn has had a hit on market sentiment, certain tiers of $XRP whales seem to be taking advantage of the “buy-the-dip” opportunity. Specifically, addresses holding between 10 million and 100 million $XRP have continuously increased their holdings since October 2025 in what appears to be their sharpest purchase spree in history.

$XRP Address Behavior | Santiment

For context, these wallets held a cumulative balance of 7.89 billion as of Oct. 1, 2025. Today, the figure has increased to 11.06 billion $XRP, indicating that they have procured 3.17 billion tokens or nearly 5% of $XRP’s circulating supply, since then. Within this period, the $XRP price has dropped 50%.

Interestingly, the bulk of this accumulation occurred within just twenty days in November. Notably, between Nov. 8 and 28, 2025, these $XRP whales increased their balance from 8.33 billion to 10.82 billion tokens. This marked an additional 2.49 billion $XRP in that time span, representing their sharpest purchase spree in history.

As a result of the accumulation campaign, Santiment data indicates that these whales now hold 17.04% of $XRP’s circulating supply, up from 12.21% in October 2025. This marks their largest supply share in history, as they appear to have continued accumulating while others capitulate.

$XRP Whales | Santiment

Other $XRP Address Tiers Distributing

For context, addresses holding between 100,000 and 10 million $XRP currently have a balance of 10.09 billion, as those with 100,000 to 1 million tokens hold 6.32 billion $XRP, while the ones with 1 million to 10 million tokens hold 3.77 billion $XRP.

Cumulatively, both tiers of addresses had a balance of 13.12 billion $XRP on Oct. 1, 2025, indicating that they have distributed or sold 3.03 billion $XRP tokens since then. Most of the decline came from the addresses holding 1 million to 10 million, which contributed 2.8 billion tokens to the total.

Interestingly, these wallets also witnessed their steepest decline in balance in November, coinciding with the sharp increase for $XRP whales holding 10 million to 100 million $XRP. This could point to a redistribution from smaller whales to larger whales or a combination of funds from $XRP whales into fewer wallets.