New on-chain data from Santiment shows a notable change in the structure of XRP holders. Over the past eight weeks, the number of wallets holding more than 100 million XRP has fallen by 20.6%, equivalent to 569 large wallets leaving the market or redistributing during the period of volatility. However, the remaining large wallets are strongly accumulating. The total amount of XRP held by this group has exceeded 48 billion XRP — the highest concentration in seven years.
Santiment's analysis shows a clear divergence: the number of whales is decreasing, but the amount of XRP accumulation is increasing sharply. This trend often reflects a shift towards “strong hands”, a long-term bullish signal. As Ripple's stablecoin RLUSD surpasses the 1 billion USD mark on Ethereum following approval in Abu Dhabi, the tightening distribution indicates that large XRP investors are preparing for the next market fluctuations.
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