Large XRP holders accumulate $4.9 billion as price drops since July peak

A recent analysis by wealth-focused YouTube host Kamilah Stevenson indicates that XRP’s largest token holders have been steadily increasing their positions amid a prolonged decline in the token’s price since its July peak. Stevenson highlighted that these major holders accumulated roughly 4.63 billion XRP, valued at about $4.9 billion, during the extended downturn.

Major accumulators increase balances during price weakness

Stevenson’s review of on-chain wallet and exchange data suggests that XRP’s large holders, often referred to as “whales,” steadily added to their reserves while smaller investors reduced exposure. Initially, these whales reportedly sold into XRP’s rally, causing their combined balance to drop to around 7.5 billion XRP by mid-August.

As the market continued to retrace, these major holders reversed course, with their cumulative balances climbing to 11.8 billion XRP by December. After stabilizing for three months, accumulation resumed in March.

According to Stevenson, current balances have reached approximately 12.13 billion XRP. She described this activity as a series of purchases throughout the downturn, rather than a single major buy near market highs.

They did not buy the top and hold, but rather accumulated positions as the price weakened, Stevenson said.

She further interprets these inflows as large wallets absorbing supply from mid-sized holders. Wallets controlling between 10 million and 100 million XRP have shown steady accumulation patterns, while those managing between 100,000 and 10 million XRP have predominantly been distributing tokens.

Exchange flow and wallet trends signal reduced selling pressure

Stevenson also pointed to elevated levels of outflows from Binance, the world’s largest cryptocurrency exchange by trading volume, where the outflow dominance reportedly reached 91.4%. Meanwhile, retail activity across major exchanges slipped roughly 8.4% in the same period.

She stated that around 90.5% of these exchange flows were attributed to large holders withdrawing their coins to self-custody, rather than moving assets onto platforms for sale. This trend suggests a tightening supply available for trading on exchanges.

Currently, more than 332,000 wallets hold at least 10,000 XRP, reflecting broad, established ownership. However, new wallet creation declined to its lowest rate since November 2024, pointing to subdued demand from new market entrants even as existing holders restructured their positions.

Stevenson drew parallels to earlier periods, comparing recent exchange flows and wallet behaviors to episodes ahead of XRP rallies in October 2024 and June 2023. At the same time, she cautioned that historical signals have not always led to immediate price rebounds.

Large holders can be early, so their accumulation does not always guarantee an instant market move, Stevenson noted.

YouTube personality Kamilah Stevenson is known for her in-depth analysis of cryptocurrency wealth trends and frequently shares insights on on-chain activity within the digital asset market.

Mini dictionary: Kamilah Stevenson is a prominent content creator focusing on cryptocurrency trends and wealth strategies, with a large audience on YouTube.