Whales Now Hold Roughly $70 Billion Worth Of $Xrp

Large holders of @Ripple's $XRP are sitting on their biggest share of the token's circulating supply in eight years, according to fresh on-chain data shared by @SantimentData.

Wallets holding at least 10 million XRP now collectively control 45.83 billion tokens, roughly 68.5% of the circulating supply. At current market prices, that whale-held supply is worth over $68.5 billion. The concentration is the highest since May 2018.

A Multi-Year Accumulation Trend

The build-up has not happened overnight. The XRP Ledger now has a record 332,230 wallets holding at least 10,000 XRP, a milestone that extends a steady accumulation trend building since June 2024, suggesting larger holders have continued adding exposure through volatility instead of waiting for momentum confirmation.

Wallets holding 1 million or more XRP have added a net 42 new addresses since the start of 2026, the first increase in that cohort since September 2025. Those wallets accumulated 1.2 billion XRP tokens in Q1 2026 alone, the highest quarterly figure since 2023.

XRP whale outflow dominance on Binance recently hit 91.4%, the highest reading since 2024. Similar readings in October 2024 preceded XRP's 525% rally from $0.50 to over $3, and the June 2025 reading preceded a 71% climb to the $3.65 cycle high.

Price Has Yet to Follow

Despite the striking on-chain picture, the token's price has remained largely unmoved. XRP has stayed range-bound between $1.30 and $1.60 since the second quarter began. About 84% of XRP ETF assets come from retail investors, with only 15.9% from institutional 13F filers, per Bloomberg Intelligence. For context, Solana ETFs have 48.8% institutional participation, more than three times the rate of XRP ETFs.

A recent Coinbase and EY-Parthenon survey of 351 institutional managers found that 25% plan to add XRP in 2026, but 65% named regulatory clarity as the biggest blocker. Those institutions are the buyers large enough to move price, and they are still waiting on XRP's permanent regulatory status.

The data points to a market where large, high-conviction holders are building positions quietly, while the broader price catalyst remains pending. Whether that catalyst materialises in the form of regulatory progress or a broader altcoin rotation remains the central question for the $XRP market in 2026.

Sources:
24/7 Wall St.: XRP Whale Wallets Hit Record High
The Cryptonomist: XRP Whale Wallets ATH Hits Record as Santiment Tracks Accumulation
Crypto Times: XRP Whale Outflow Dominance Hits Highest Reading Since 2024