Wallets holding large amounts of XRP accumulated nearly 2 billion coins across two key intervals in September, according to analysis from crypto commentator Austin Hilton. Hilton, who closely tracks market trends, said the activity highlights how major XRP holders have steadily increased their positions during both market declines and rallies.
Whale accumulation patterns in volatile markets
Hilton detailed on-chain data showing that wallets with at least 500,000 XRP continued to add to their holdings throughout shifting price conditions. During the first accumulation phase, which spanned from September 16 to September 19, these whale wallets purchased about 1.54 billion XRP in just four days, as the price retraced to around $1.26.
He emphasized that some market participants speculated XRP could fall below $1 during this period, yet whale wallets maintained their buying pressure throughout the correction.
Large holders added to their XRP even as some warned of a possible drop below $1, indicating that these wallets used price weakness as an accumulation opportunity.
Hilton scrutinized how these investors responded during both weakness and signs of a rebound, observing that the accumulation did not only happen at lower prices but persisted as the market started to recover.
Whales sustain buying during recovery
A second major buying period occurred between September 21 and September 24. Whale wallets absorbed an additional 470 million XRP within those five days, as prices climbed from roughly $1.49 to $1.64. According to Hilton, these purchases were valued at about $724 million.
Taken together, the two accumulation spans account for approximately 2 billion XRP, with total investments during this time frame valued at close to $3 billion based on Hilton’s estimates.
| Accumulation Period | Dates | Amount Acquired (XRP) | Price Range | Estimated Value |
|---|---|---|---|---|
| First | Sep 16-19 | 1.54 billion | Around $1.26 | Not specified |
| Second | Sep 21-24 | 470 million | $1.49–$1.64 | $724 million |
| Total | — | 2 billion | — | Approx. $3 billion |
Distribution among major holders
Hilton reported that nearly 4,200 wallets currently fit the definition of XRP whales, with each holding a minimum of 500,000 coins. Collectively, these addresses control just under 52 billion XRP, which is slightly below 4% of the entire XRP supply.
He stated that these large wallets could continue acquiring XRP at higher price levels, potentially around $2 or $2.50, and described their investment approach as long-term and data-driven rather than reactive.
Mini dictionary: Austin Hilton, a crypto market commentator recognized for analyzing on-chain crypto activity and providing insights on whale wallet behavior and large-scale digital asset movements.
By targeting major accumulation during both corrections and rallies, whale wallets signaled a preference for strategic, long-term positioning in XRP.
XRP’s potential at higher valuations
Hilton also assessed the implications of a $10 XRP price. He calculated that, with XRP trading at approximately $1.59, reaching $10 would put the asset’s market capitalization near $695 billion. He placed this figure in the context of broader trends, mentioning the potential influx of new capital into the crypto sector in the months ahead.
He said he plans to continue following whale wallet movements using on-chain data as the market evolves.
