Bybit Report Highlights XRP’s Holder Ratio Volatility in H1 2025

In the first half of 2025, XRP's holder ratio experienced significant fluctuations, according to Bybit's 25H1 Asset Allocation Report. The ratio nearly doubled from 1.29% in October 2024 to 2.42% by May 2025, showcasing strong growth. However, it also saw a sharp decline from 5% earlier in the year to 2.42%, underscoring the volatility linked to XRP's price movements. Despite this drop, XRP maintained its lead over Solana, whose holder ratio decreased from 2.72% to 1.76% during the same period. Bybit attributes these shifts to market dynamics and investor sentiment, highlighting the competitive landscape among top cryptocurrencies. This report provides valuable insights into the evolving preferences of crypto holders and the factors influencing their decisions.

XRP Holder Ratio Declines in H1 2025 but Maintains Lead Over Solana

XRP's holder ratio nearly doubled from October 2024 to May 2025, climbing from 1.29% to 2.42%, according to Bybit's 25H1 Asset Allocation Report. However, the first half of 2025 saw a sharp decline from 5% to 2.42%, highlighting the volatility tied to XRP's price movements.

Despite the drop, XRP continues to outpace Solana, whose holder ratio fell from 2.72% to 1.76% during the same period. Bybit attributes this shift to growing Optimism around a potential XRP spot ETF, prompting institutional investors to reallocate capital from SOL to XRP.

Retail investors appear to be pivoting away from Bitcoin in favor of altcoins with higher perceived upside, further fueling XRP's relative strength. Market sentiment remains bullish, with on-chain data reflecting sustained confidence in XRP's long-term prospects.

Record $2.1 Billion Lost to Crypto Infrastructure Attacks in 2025 as State-Sponsored Threats Escalate

Cryptocurrency infrastructure attacks surged to unprecedented levels in the first half of 2025, with $2.1 billion stolen through targeted breaches of private keys and seed phrases. The thefts reflect a dangerous convergence of sophisticated cybercrime and geopolitical maneuvering, as nation-state actors increasingly weaponize digital asset theft.

The February 2025 Bybit hack stands as a watershed moment, with North Korean-linked attackers extracting $1.5 billion from the exchange—accounting for nearly 70% of total H1 losses. This single incident doubled the average hack size to $30 million compared to 2024 figures, while January, April, May and June each saw nine-figure thefts.

TRM Labs data reveals the Bybit breach alone matched 10% of 2024's total crypto losses, surpassing 2022's previous H1 record. The pattern demonstrates threat actors' growing preference for high-value centralized exchange targets, where security vulnerabilities meet concentrated liquidity.