XRP Ledger wallets holding 10,000 XRP or more reached a record 332,230 on May 12, according to Santiment on-chain data.
The increase shows steady accumulation by larger holders since June 2024. The trend has continued even as XRP trades far below its mid-2025 peak.
Large XRP wallets hit a new milestone
Santiment data shows that XRP Ledger wallets with at least 10,000 tokens have grown without sharp speculative spikes. This suggests gradual buying rather than sudden market-driven accumulation.
The data comes from Santiment’s XRP supply distribution dashboard, which tracks wallets based on token holdings. The rise signals that larger participants continue to build positions at current price levels.
Accumulation continues despite weak price action
XRP remains around 60% below its mid-2025 high of about $3.65. However, larger holders have continued to add tokens during the decline.
Cryptopolitan reported in April that only 43.4% of the XRP supply was in profit. Daily realized losses also ranged between $20 million and $110 million since late 2025.
This type of market pressure often changes the holder base. Short-term sellers exit at a loss, while long-term participants absorb supply at lower prices.
XRPL wallet growth supports long-term interest
Total XRP Ledger wallets passed 8.1 million in early April, although that figure includes all created accounts. Smaller retail wallets still make up most XRPL accounts.
Analysts often watch wallet growth to measure long-term conviction. Rising high-balance wallets can show confidence from holders with meaningful capital.
XRP trading volume reached $3.86 billion in early April. Still, it remains uncertain whether wallet accumulation will lead to stronger price movement.
