Between October 2024 and May 2025, notable shifts occurred in the altcoin market, marked by a significant increase in XRP holders and a decrease in those holding Solana 
$111, as reported by Bybit. During this period, the number of investors holding XRP nearly doubled, while those with Solana dropped by 35%. Experts highlight that this trend signals a strategic reallocation of portfolios in favor of XRP.
Shift in Investor Behavior
Bybit’s data from the first half of 2025 indicates that the proportion of XRP investors rose from 1.29% to 2.42%. Conversely, the percentage of Solana holders decreased from 2.72% to 1.76%. This shift reflects growing confidence in XRP and positive expectations surrounding the asset. It is believed that developments in the regulatory sphere influenced these investment choices.
The report identifies the nearing conclusion of the legal proceedings with the U.S. Securities and Exchange Commission (SEC) as a primary driver of interest in XRP. Moreover, anticipation of an XRP-based ETF approval has further heightened investor interest, affecting portfolio allocations.
Price Movements and Market Positions
In November 2024, XRP surpassed Solana in market capitalization, securing the third position. In January 2025, XRP’s price briefly reached $3.31, marking the highest level since 2018. Despite this peak, volatility led to an increase in XRP’s portfolio share to 5% in January, which later corrected to 2.42% by May.
Bybit’s report highlights that the surge in January was driven by ETF hopes and market trends. The increase in XRP investors signals a period where institutional investors allocated more of their portfolios to XRP.
Institutional Investors and Whale Activity
There is a noticeable rotation of institutional investors’ portfolios from Solana to XRP. Analysts attribute this change to the expectation that the XRP ETF application will be approved before Solana’s. Additionally, June 2025 saw over 2,700 significant whale activities in XRP wallets.
The overall positive sentiment towards altcoin ETFs in the crypto market propels XRP’s ascent. Multiple altcoin ETFs are anticipated to be approved by the end of 2025. XR…
