Betting on Upside? Whales’ XRP Holdings Drop to All-Time Low

▲ XRP / ChatGPT-generated image

XRP whales have accumulated 3.1 billion XRP, seizing control of market supply and driving expectations for a future price surge to a peak.

According to cryptocurrency media outlet The Crypto Basic on February 21 (local time), whales holding between 1 million and 10 million XRP recently secured 3.17 billion XRP, marking the highest supply share in history. This massive capital inflow suggests that large investors view the current market conditions as a buying opportunity at lower prices. The proportion of the total circulating supply controlled by whales has reached an all-time high.

On-chain data from analytics firm Santiment shows that the total holdings of this whale cohort amount to approximately 3.17 billion XRP, the highest level ever recorded relative to the total circulating supply. Large investors have steadily increased their holdings over the past several weeks, and this accumulation trend is serving as strong support that offsets potential downward pressure in the market. The movement of tokens into whale wallets contributes to a supply squeeze, which could heighten price elasticity if demand increases in the future.

Market experts interpret the aggressive buying by whales as a sign of confidence in XRP’s long-term value appreciation. The concentration of assets in large wallet addresses reduces the amount of tokens available in the open market, creating conditions where prices can react sensitively even to minor positive developments. Coupled with growing interest from institutional investors, this supply concentration could act as a powerful catalyst for price gains.

Santiment noted that significant price rebounds have historically followed periods of large-scale accumulation by whales. The current scale of accumulation surpasses all previous records, suggesting that its potential market impact could be greater than ever. Whales appear unfazed by short-term market volatility, steadily strengthening their dominance at lower price levels in preparation for a long-term bullish cycle.

Despite recent market uncertainty, large investors have pushed their XRP holdings to historic highs, solidifying their dominance. This concentrated accumulation by whales is clearly reflected in on-chain data, and their share of the overall supply structure remains at the highest level ever observed.

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