XRP wallets holding at least 10 million tokens now control approximately 68.5% of supply. According to Santiment, this is their largest share since November 2022. The accumulation comes as XR
Large XRP holders are increasing their share of the cryptocurrency’s supply, according to new on-chain data from Santiment.
Wallets holding 10 million XRP or more now collectively control approximately 68.5% of the token’s supply, their highest share since November 2022.
The milestone comes as XRP trades near $1.29, highlighting a growing concentration of tokens among large holders.
The latest XRP whale accumulation figures suggest that major wallets have continued increasing their holdings despite uncertainty surrounding cryptocurrency prices.
Whales are closely watched because their large balances can influence market liquidity and investor sentiment.
When their collective holdings rise, analysts often interpret the development as a sign of increased confidence among large market participants.
However, wallet balances do not necessarily reveal whether the owners are purchasing tokens for long-term investment or holding them for other purposes.
The growing concentration of XRP among large wallets could have implications for the cryptocurrency’s market structure.
According to Santiment, the 68.5% share represents the highest level held by this wallet category in nearly four years.
This indicates that a substantial portion of the token supply is concentrated in addresses holding at least 10 million XRP.
Such concentration can be significant because large holders may have the ability to influence market conditions when they transfer or sell substantial quantities.
At the same time, accumulation can reduce the amount of supply actively available for trading if the tokens remain in wallets rather than moving to exchanges.
The latest XRP whale accumulation data therefore provides a useful perspective on how supply is distributed.
However, it is important to distinguish between wallet addresses and individual investors.
One organization may control several wallets, while some large addresses may belong to exchanges or custodians holding assets on behalf of multiple customers.
Consequently, the figures do not establish that a small number of individual investors personally own 68.5% of XRP.
BULLISH: XRP whales holding 10M+ tokens now control about 68.5% of supply, their largest share since November 2022, as they keep accumulating with price near $1.29, per Santiment. pic.twitter.com/4bIn0TMTA6
— Cointelegraph (@Cointelegraph) October 27, 2026
The increase in whale holdings comes as XRP trades around $1.29, drawing attention to whether large-holder activity could influence its next move.
Continued accumulation may be viewed positively by investors who believe major holders are positioning for future gains.
If large wallets retain their tokens, reduced selling activity could help support market stability.
However, whale accumulation does not guarantee an increase in XRP’s price.
Price movements also depend on spot demand, broader cryptocurrency sentiment, market liquidity and developments affecting the XRP ecosystem.
Additionally, large wallets can change their positions quickly, potentially creating selling pressure if substantial amounts move to exchanges.
Traders may monitor whale balances alongside exchange inflows and trading volumes to assess whether the accumulation trend continues.
The available Santiment figures do not specify how many additional XRP tokens these wallets acquired during the latest period.
For now, XRP whale accumulation has pushed the largest wallet category’s share to 68.5%, its highest level since November 2022.
The development highlights the growing influence of large holders, although stronger market demand would still be needed to support a sustained price recovery.
