The number of XRP Ledger wallets holding at least 10,000 XRP has reached an all-time high of 332,230, according to on-chain data from Santiment. This milestone reflects a steady accumulation trend that began in June 2024 and has continued without the sharp spikes typical of speculative buying. The gradual increase suggests deliberate positioning by large holders, or 'whales,' even as the token's price trades roughly 60% below its mid-2025 peak of $3.65.
At present, fewer than half of all XRP holders (43.4% of supply) are in profit, and daily realized losses have ranged from $20 million to $110 million since late 2025. Despite these conditions, patient capital continues to absorb supply, reducing exchange-listed availability. The total number of XRP Ledger wallets surpassed 8.1 million in early April, though most accounts hold small balances, underscoring that the top-tier accumulation is concentrated among a relatively small group of large investors.
Historically, sustained whale accumulation has often preceded price rallies, though correlation does not guarantee future performance. Analysts view the rising count of 10,000+ XRP wallets as a transparent on-chain signal of long-term conviction, particularly as the XRP Ledger sees expanded use in cross-border payments and decentralized finance. While the data offers a moderately bullish outlook, market participants are advised to consider broader volume, exchange inflows, and regulatory developments when evaluating the asset’s trajectory.
