XRP Whale Activity Surges as 300,000+ Wallets Now Hold 10,000+ Tokens

XRP is experiencing a surge in accumulation, with over 300000 wallets now holding 10000 or more XRP—a new all-time high.

The price of XRP has been consolidating in a specific range, remaining largely stable over the past month. However, behind the scenes, there’s a quiet shift taking place as major XRP holders—commonly termed whales—have been diligently accumulating the token.

Statistics from on-chain data aggregator Atomex unveil that over the past 30 days, whales have collectively mopped up 900 million XRP. At current market prices, this gargantuan stash of tokens is valued at approximately $1.8 billion.

This astronomical accumulation activity is noteworthy, especially considering the lack of significant price trends. It suggests that these large investors are preparing for a potential market breakout by gradually positioning their assets.

Furthermore, the count of unique addresses holding at least 10,000 XRP has now surged to a new all-time high, exceeding 300,000. This signals growing interest and long-term conviction from large holders, even as the market trades sideways.

This divergence, often viewed as a bullish signal, showcases that accumulation continues despite the absence of immediate price gains. The lack of gains suggests that breakout potential is contingent upon broader market conditions.

The buildup of addresses and whale activity indicates a maturing ownership base for XRP, with tokens consolidating in fewer but stronger hands. If demand increases while this accumulation trend continues, the limited supply of tokens could be setting the stage for an explosive upside move.