XRP Ledger wallets holding at least 10,000 XRP have reached a new all-time high, according to fresh onchain data from Santiment, extending a steady holder-growth trend that has been building since June 2024.
Santiment said the XRP Ledger now has 332,230 wallets holding at least 10,000 XRP. The analytics firm framed the increase as a long-term signal because larger wallet cohorts have continued to expand through volatility, weak sentiment, and periods when XRP traded below earlier highs.
The threshold is significant because 10,000 XRP represents a meaningful position for retail and mid-sized holders. At XRP’s current price near $1.44 to $1.45 on CoinGecko, that balance is worth roughly $14,400 to $14,500. The count does not prove that each wallet belongs to a unique investor, and it does not confirm that every wallet is accumulating for the same reason. Exchanges, custodians, entities with multiple wallets, and individual holders can all appear in the dataset. Still, a rising count over nearly two years points to broader distribution of larger balances across the network.
That makes the trend relevant for XRP’s market structure. Larger wallet growth can reduce the amount of supply controlled only by short-term traders, especially when the increase happens during choppy price action rather than after a vertical rally. It also gives traders a cleaner onchain signal to compare against spot price, exchange flows, and derivatives positioning.
Santiment also addressed the sharp decline visible between February 6 and February 8, when more than 4,500 wallets holding at least 10,000 XRP disappeared from the cohort. The firm said there was no confirmed XRP-specific event directly tied to the move, while the timing suggests a connection to the broader crypto-wide crash and liquidation wave around February 5.
That context matters because the wallet count has now exceeded the pre-drop level. The February liquidation shock hit crypto assets broadly, with market-wide liquidations reaching $2.65 billion as leveraged positions unwound. XRP’s larger-wallet cohort falling during that stress window, then recovering to a record high, supports the idea that the drawdown forced some position changes without breaking the longer accumulation trend.
XRP’s current market backdrop remains mixed. CoinGecko ranks XRP among the largest crypto assets by market cap, with daily volume still above $2 billion, but the token is trading below stronger levels seen earlier in the cycle. At the same time, Ripple-linked institutional activity, including new XRP Ledger activity tied to Japanese banking initiatives, keeps the network’s utility narrative active beyond short-term price moves.
The latest Santiment reading gives XRP traders a concrete supply-side metric to watch. If the 10,000-plus wallet count keeps rising while price holds its current range, the market can point to steady larger-holder participation beneath the surface. If the count reverses sharply again, especially alongside exchange inflows or heavy liquidations, the accumulation signal would weaken and XRP’s holder base would look more exposed to another volatility reset.
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