XRP Whales Add 1.53 Billion Tokens as Supply Concentration Reaches 74 Percent

XRP rose more than 4 percent to $1.02, driven by sustained accumulation from large holders. On-chain data confirms whale wallets collectively added 1.53 billion XRP over the past six months.

Addresses holding at least 1 million XRP now control 74.1 percent of the total circulating supply. That concentration grew as 32 new millionaire wallets appeared on the ledger in the past three months—even as XRP's market capitalization fell 29 percent over the same period, according to Santiment data.

Whales buy into weakness, not strength. Sustained buying during price declines and negative sentiment signals long-term conviction in XRP's value, not reactive trading.

Renewed speculation around an XRP exchange-traded fund is driving additional market interest. Jake Claver's recent comments reignited ETF discussions, drawing comparisons to institutional products for other digital assets. No BlackRock XRP ETF filing exists and no formal proposal has been submitted. Crypto markets, however, have a history of pricing in such possibilities well before official confirmation. Bitcoin rallied for months before spot ETF approvals in Jan. 2024, and Ethereum ran through a similar speculative cycle before institutional products launched in May 2024.

That history explains why traders are revisiting whether Ripple's ecosystem can attract comparable institutional attention. Ripple continues expanding globally through cross-border payments, liquidity infrastructure and asset tokenization, reinforcing the XRP Ledger's case as an operating network rather than a speculative token.

The ETF narrative, even unconfirmed, improves sentiment and supports longer-term positioning—layering onto the on-chain accumulation already in place.

XRP's technical structure adds another signal. Analyst Ali Martinez recently identified a symmetrical triangle forming on XRP's chart, a pattern that typically precedes a decisive price move after consolidation.

Strong whale accumulation, rising supply control by large holders, a rekindled institutional product narrative and a defined technical breakout pattern are converging. That combination puts a significant XRP move in play.

XRP rose more than 4 percent to $1.02, driven by sustained accumulation from large holders. On-chain data confirms whale wallets collectively added 1.53 billion XRP over the past six months.

Whales buy into weakness, not strength. Sustained buying during price declines and negative sentiment signals long-term conviction in XRP's value, not reactive trading.

The ETF narrative, even unconfirmed, improves sentiment and supports longer-term positioning—layering onto the on-chain accumulation already in place.