Key Highlights
- Large XRP wallets holding at least 10 million tokens have amassed their highest combined share of the supply since November 2022.
- These high-tier whale addresses now control 46.87 billion XRP, representing approximately 68.5% of the asset’s total circulating supply.
- The aggressive accumulation phase unfolds as the XRP market price struggles to maintain momentum near the $1.30 level.
Whale Wallets Expand XRP Dominance to Highest Point Since Late 2022
Major XRP investors, commonly referred to as whales, have significantly intensified their accumulation strategies, pushing their control over the circulating supply to levels not seen in well over a year. On-chain metrics reveal that the tier of addresses holding a minimum of 10 million XRP currently commands the greatest concentration of the token’s total market availability recorded since November 2022.
According to recent blockchain data, this upper cohort of large-scale wallets now holds a collective total of 46.87 billion tokens. At present levels, that massive stash accounts for approximately 68.5% of the entire XRP supply, highlighting a substantial shift in distribution toward well-capitalized market participants.
Divergence Between Large-Scale Accumulation and Sluggish Price Action
The aggressive accumulation trend by deep-pocketed holders contrasts sharply with the token’s immediate market trajectory. While top-tier wallets have continued to absorb heavy volumes of the cryptocurrency, the price of XRP has faced clear headwinds, consistently struggling to establish stability and break out near the $1.30 threshold.
Historically, elevated supply concentration in tier-one wallet brackets reflects strategic positioning during phases of price consolidation or localized weakness. When large entities lock away significant portions of the circulating supply, it substantially reduces the volume of liquid tokens immediately available on spot exchanges, even if retail and derivative trading volumes keep short-term prices suppressed.
Why This Matters
A high concentration of supply in whale addresses is a double-edged sword for digital assets. On one hand, reaching a 68.5% supply control indicates strong conviction among high-net-worth investors and institutional entities who are willing to absorb liquidity while prices hover near the $1.30 mark. On the other hand, heavy ownership concentration can heighten market sensitivity; any coordinated profit-taking or reallocation by these multi-million-token wallets could create sudden sell-side pressure, making the current $1.30 resistance zone a critical level for both retail participants and institutional observers to monitor.
Frequently Asked Questions
How much XRP do the largest whale wallets currently hold?
Wallets containing at least 10 million XRP hold an aggregate of 46.87 billion tokens, which amounts to roughly 68.5% of the total XRP supply.
When was the last time XRP whales controlled this much supply?
This level of supply concentration among addresses holding 10 million or more XRP has not been observed since November 2022.
How is the price of XRP performing during this accumulation period?
Despite the substantial accumulation by major holders, XRP has been experiencing subdued price action, struggling to build sustained upward momentum around the $1.30 price level.
