A record number of wallets are now holding at least 1 million XRP, according to blockchain analytics provider Santiment. As of this week, 2,147 addresses meet or exceed that threshold, marking the highest tally so far in 2026. This surge suggests a shift in accumulation trends among the network’s largest holders, even as the price of XRP remains subdued.
Whale wallet count surges in short period
Santiment’s data reveals that the group of millionaire XRP wallets grew by 28 within a ten-day stretch, with an especially notable spike of 18 wallets added in just the last three days of that period. These addresses each hold a minimum of 1 million XRP, representing a significant investment at the current market price of $1.30 per token.
This uptick occurred over a relatively brief timeframe, indicating that large holders are increasing their positions with renewed urgency. Observers point out that such concentrated growth typically reflects strategic accumulation by well-capitalized participants.
Santiment data shows the number of wallets holding at least 1 million XRP reached 2,147 this week, the highest count in 2026. The group expanded by 28 in 10 days, including 18 new wallets during the final three days of that span.
Large holders accumulate as price stagnates
During this period of wallet growth, XRP’s price has remained tightly rangebound, fluctuating between $1.20 and $1.25. Despite the lack of major price action, recent findings indicate that whales—large individual or institutional holders—now control more than 68% of the circulating supply.
This pattern suggests that major investors are accumulating while prices remain under pressure, demonstrating longer-term confidence in the asset’s prospects. Increased accumulation in the face of muted price movements is considered by some market participants as a signal of continued interest from established holders.
For investors tracking rapid changes in whale activity, tools such as CryptoAppsy can help monitor these developments. By offering real-time charts and customizable wallet alerts, CryptoAppsy enables users to quickly identify significant shifts in large-holder activity for assets like XRP.
Community weighs in on accumulation trends
The crypto community has responded with heightened attention to the spike in millionaire wallets. Commentators have noted that 18 of the 28 new large-holder addresses joined within three days, pointing to accelerating accumulation. They argue that such concentrated moves from significant holders often follow a period of market weakness rather than random chance.
Another analyst emphasized that so-called “smart money” appears to be increasing its exposure to XRP while prices are low, and highlighted the ongoing debate about whether this accumulation will lead to a broader price recovery.
Some observers have also distinguished between retail and institutional behavior on the ledger, suggesting that while retail investors typically chase price action, institutional players may focus more on infrastructure, underlying network developments, and wallet distribution data.
Concentration among a small group
Despite growing attention, the 2,147 wallets with at least 1 million XRP represent less than 0.03% of more than 8 million funded XRP accounts globally. This concentration means a relatively small network segment controls a substantial portion of tokens now being accumulated during price stagnation.
Analysts state that these trends indicate deliberate actions among the largest holders, and their commitment may reflect broader investor sentiment regarding the XRP Ledger moving forward.
The latest on-chain numbers indicate XRP’s top-tier holders are strengthening their positions rather than retreating, despite current price headwinds.
