More Than 2,700 XRP Whales Now Hold 1M+ Tokens Each, Marking a Major 12-Year On-Chain Milestone

XRP Sees Record Whale Accumulation Amid Network Activity Surge

While XRP has posted a modest 7.5% gain in 2025, new on-chain data suggests long-term holders are doubling down.

Santiment, a leading blockchain analytics firm, reported that the number of wallets holding over 1 million XRP has climbed above 2,700 for the first time in the asset’s 12+ year history, signaling renewed accumulation by large investors.

“Whale and shark addresses are at their highest levels ever,” the firm noted on X. “This trend typically reflects growing conviction among seasoned holders.”

In parallel, XRP network activity has sharply accelerated. Daily active addresses have averaged 295,000 over the past week—over 7x higher than the 3-month average of 35,000 to 40,000.

Often regarded as a backbone asset for cross-border payments, XRP is used by Ripple’s fintech infrastructure to facilitate fast, low-cost global transfers. Despite this strategic role, XRP has underperformed many of its large-cap peers this year.

At last check, XRP was trading around $2.23, largely flat on the day, according to CoinDesk data.

Still, if whale accumulation and network usage are leading indicators, XRP may be setting the foundation for a stronger move in the months ahead.