XRP Millionaire Addresses Surge for First Time Since September - Bullish Signal Ignites Market
XRP's whale class is back in accumulation mode.
After months of stagnation, addresses holding over one million XRP tokens are climbing again—the first uptick since last September. That's not just a data point; it's a direct signal from the capital holders who move markets.
The Whale Watch Is On
Forget retail sentiment. When wallets this size start expanding their positions, it's institutional-grade conviction. These aren't day traders; they're entities with the patience and capital to weather volatility for strategic gains. Their renewed interest suggests a fundamental reassessment of XRP's value proposition.
What's Driving the Accumulation?
The timing is key. The resurgence follows a prolonged period of sideways price action and regulatory overhang. This accumulation often precedes major price movements, as liquidity gets locked away in strong hands. It's a classic setup: smart money builds a position quietly before the narrative catches fire.
Of course, in crypto, one data point doesn't make a trend—it just makes for a great headline before the next 'unexpected' market swing that somehow always benefits the same early accumulators. The real test is whether this whale activity sustains and translates into broader market momentum. For now, the deep-pocketed players are placing their bets.
Millionaire XRP Wallets Have Been Growing In Count Recently
As pointed out by on-chain analytics firm Santiment in a new post on X, large XRP wallets have seen growth during the past month. The indicator of relevance here is the “Supply Distribution,” which tells us, among other things, the total number of addresses that belong to a given coin range.
In the context of the current topic, the range of interest is the one with 1 million tokens as the lower bound and no upper bound. Currently, the cutoff for the range converts to $1.87 million, so the only investors who WOULD qualify for it will be those with substantial holdings.
As the below chart for the cohort’s Supply Distribution shows, these whales saw their population shrink between October and December.
This decline in the indicator came as the cryptocurrency sector as a whole went through a bearish shift. In total, the XRP network saw the exodus of 784 millionaire wallets during this window, a significant amount. Since the start of January, however, the trend has flipped. “XRP’s price is down a modest 4% since the start of 2026, but its number of ‘millionaire’ wallets is rising for the first time since September,” noted Santiment.
So far, the increase in addresses holding more than 1 million tokens hasn’t been anything too notable, though, with just 42 wallets of this size popping back up on the blockchain. That said, the fact that big-money investors are no longer leaving the network could still be a meaningful development.
A network that has seen a development related to whales that’s not so positive is Dogecoin. Citing data from Santiment, analyst Ali Martinez has highlighted in an X post how the memecoin has faced a 94.6% plunge in whale transaction activity during the last few weeks.
As displayed in the above graph, whale-sized XRP transactions numbered at 109 four weeks ago, but today, that figure has dropped to just 6. This suggests that the large entities have shifted their attention away from Dogecoin.
This could reflect the risk-off behavior in the wider sector, where the big-money investors are choosing to pull back as uncertainty surrounds the market.
XRP Price
XRP is trading around $1.87 right now, down 22% compared to its top from early January.
