- XRP whales accumulated 4.07B XRP (~$7.81B) in three months, despite a 48% price decline.
- Wallets holding 20M–500M XRP saw the most aggressive growth, now controlling 35.5% of circulating supply.
- Even mid-sized wallets increased their holdings, showing broad accumulation across the ecosystem.
New XRP rich-list data shows something pretty striking. While retail sentiment has been sinking and prices have kept grinding lower, the biggest XRP holders have been stuffing their wallets at a pace the market hasn’t seen in years. Since August, whales have added more than $7.7 billion worth of XRP—during a season when most traders were panicking, cutting risk, or simply checking out. It’s one of those strange moments where what you see on the chart doesn’t match what’s happening behind the scenes.
XRP has been stuck in a downtrend since mid-July 2025, sliding from its $3.66 peak all the way to the current ~$1.89 level, a nasty 48% drop. Lower highs, weaker momentum, fading enthusiasm—you name it. Retail sentiment has been pretty gloomy. But on-chain data tells a completely different story for the large players. Instead of reducing exposure, they’ve been buying into the weakness, almost like the drop was a welcome discount.
The largest XRP wallets are expanding aggressively
The most dramatic accumulation came from wallets holding between 20 million and 500 million XRP. Back in August, these wallets held about 17.378 billion XRP, already a massive chunk of the supply. But now? The numbers look even more dramatic.
- Wallets with 20M–100M XRP jumped from 159 wallets to 215 wallets, with total holdings climbing to 10.021 billion XRP. That’s a 3.706 billion XRP increase, worth around $7.11 billion.
- Wallets with 100M–500M XRP kept the same count of addresses, but their combined balance rose from 11.063 billion to 11.385 billion XRP, adding another 364 million tokens (~$698 million in value).
Collectively, these two whale tiers accumulated 4.07 billion XRP in just three months—now controlling 21.406 billion tokens, which is about 35.5% of all circulating XRP. That’s not a small shift. That’s whales tightening their grip on the supply.
Even smaller wallets are joining the accumulation trend
What’s interesting is that the accumulation isn’t limited to just the mega-wallets. Smaller address tiers show quieter—but still clear—growth.
- Holders with 20–500 XRP added around 5 million XRP total.
- Wallets with 1,000–5,000 XRP increased by about 7 million XRP.
- The strongest mid-tier surge came from 10,000–25,000 XRP holders, who added more than 113 million XRP in three months.
Addresses between 5,000 and 100,000 XRP also recorded steady increases. It’s like the entire middle layer of the XRP ecosystem leaned in during the downturn, despite the bearish headlines everywhere.
But not every whale behaved the same
There was one exception: mega-wallets holding 500 million–1 billion XRP actually trimmed their balances by more than 2.1 billion tokens since August. Meanwhile, the largest-of-the-large, wallets holding 1 billion+ XRP, went the other direction—adding more than 1.5 billion tokens.
So while some huge holders reduced risk, the absolute biggest entities—likely exchanges, institutional actors, or long-term strategic players—kept accumulating.
A market that looks weak on the surface but strong underneath
The pattern is pretty clear. Price is down. Sentiment is down. Retail traders are nervous. But whales are treating the downturn as a bargain window, aggressively absorbing supply across multiple wallet tiers. When big players accumulate this consistently, especially across a harsh downtrend, it usually reflects long-term conviction rather than short-term speculation.
Whether this accumulation leads to a trend reversal or simply prepares the ground for a later move is still uncertain—but the behavior itself is unmistakable. Something large is positioning quietly behind the scenes.
