XRP just hit a new accumulation milestone among mid-to-large holders, and on-chain data suggests bigger investors have been quietly buying the dip.
What happened
- On X, on-chain analytics firm Santiment highlighted that the number of XRP wallets holding 10,000+ tokens has climbed to a new all-time high of 332,230.
- This “Supply Distribution” cohort groups addresses by token balance; the 10,000+ range (no upper bound) currently equates to roughly $14,300 at today’s XRP price (~$1.43), making it a useful filter to observe mid-sized and larger investors rather than retail micro-holders.
The backstory
- Santiment’s chart shows the 10,000+ wallet count plunged alongside the price crash in late January/early February — indicating some prominent holders trimmed positions amid the panic.
- The sell-off was short-lived. Through March and April, and into May, the cohort has been on a steady uptrend, fully retracing the earlier drop and setting the new ATH. Santiment framed the move as a meaningful long-term signal: larger holders continued accumulating even during volatility and uncertainty.
Why it matters
- A growing number of addresses with significant XRP balances can point to stronger baseline demand and deeper interest from mid-to-large investors (including institutional or exchange cold-storage wallets). That accumulation can act as a structural support even when prices wobble.
A contrasting headline: Evernorth
- The news comes as Evernorth, a treasury firm that amassed XRP holdings for its reserves, remains deeply underwater. Analyst Maartunn noted on X that Evernorth was only in profit for a couple of weeks before its reserves fell back into the red.
- Evernorth reportedly spent $950 million to build its position and is currently showing an unrealized loss of about $389 million.
Price snapshot
- At the time of writing, XRP trades around $1.43, down about 1% over the past 24 hours.
Bottom line: The surge in 10,000+ XRP wallets suggests larger players are rebuilding positions after the winter sell-off — a potentially bullish structural signal — even as some big treasury holders like Evernorth continue to face heavy unrealized losses.
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