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.

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.

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.