XRP’s Biggest Whales Just Made Their Move, and Supply Control Is Hitting Records

In Brief

• XRP whales accumulated 3.17B tokens, reaching a record 17.04% supply share. Larger whales bought the dip while mid-sized holders distributed. Supply concentration could amplify future XRP price moves.

A notable redistribution is unfolding inside the XRP market. Wallets holding between 10 million and 100 million XRP have accumulated 3.17 billion tokens since October 2025.

As a result, this cohort now controls 17.04% of the circulating supply. Marking the largest share in XRP’s history for this tier.

Importantly, the timing aligns with heightened market turbulence. Consequently, the pattern points toward a deliberate buy-the-dip strategy, not random inflows.

At the same time, a different whale tier moved the other way. Wallets holding between 100,000 and 10 million XRP distributed roughly 3 billion tokens over the same period.

Therefore, supply did not leave the ecosystem. Instead, it rotated upward into larger, higher-conviction wallets.

What the On-Chain Data Reveals About Whale Accumulation

First, the pace of accumulation stands out. Adding 3.17 billion XRP over several months reflects sustained demand rather than short-term speculation.

Moreover, these whales avoided momentum chasing. Instead, they accumulated during drawdowns, which signals strategic positioning.

Second, the 17.04% supply share represents a structural shift. This cohort has never controlled this much circulating XRP.

Consequently, supply concentration increased among wallets that historically trade less often. As a result, near-term selling pressure typically declines.

On-chain supply distribution data supports this shift in wallet concentration and circulation metrics.

Third, the divergence between whale cohorts strengthens the signal. While mid-sized whales reduced exposure, larger whales absorbed that supply.

Typically, this pattern appears during later correction phases, when uncertainty pushes reactive holders out. Meanwhile, patient capital steps in.

Additionally, accumulation accelerated after volatility increased. That sequence further reinforces the buy-the-dip thesis.

These wallets positioned during stress, not after relief rallies. Finally, the consistency across weeks suggests coordination through behavior, not coincidence.

How This Supply Shift Could Shape XRP’s Price Action

Reduced circulating liquidity can amplify price moves. When large holders absorb tokens and hold, fewer XRP remain available on exchanges. Consequently, even modest demand can move price faster.

Sustained whale accumulation can stabilize price in the short term. Large holders usually avoid frequent trading. Therefore, they can mute downside volatility by removing sell pressure during choppy conditions.

However, concentration introduces risk. If these whales later distribute, downside pressure could accelerate quickly. That risk grows during macro shocks or sudden narrative shifts. Still, timing matters.

Historically, prolonged accumulation phases tilt price bias upward. When supply consolidates among high-conviction holders, markets often require less incremental demand to trend higher.

Moreover, the contrasting whale behavior suggests rotation rather than exit. Capital stayed within XRP. It simply moved into stronger hands.

In summary, XRP’s largest whales now control more supply than ever before. While price never follows data alone, supply dynamics shape outcomes. For now, large holders hold the advantage.