‘Millionaire’ XRP Addresses Rising For First Time Since September, Data Shows
On-chain information exhibits the XRP addresses holding over one million tokens have seen a reversal in conduct with some inhabitants progress in January.
Millionaire XRP Wallets Have Been Growing In Count Recently
As identified by on-chain analytics agency Santiment in a brand new post on X, giant XRP wallets have seen progress in the course of the previous month. The indicator of relevance right here is the “Supply Distribution,” which tells us, amongst different issues, the whole variety of addresses that belong to a given coin vary.
In the context of the present matter, the vary of curiosity is the one with 1 million tokens because the decrease sure and no higher sure. Currently, the cutoff for the vary converts to $1.87 million, so the one traders who would qualify for it will likely be these with substantial holdings.
As the under chart for the cohort’s Supply Distribution exhibits, these whales noticed their inhabitants shrink between October and December.
This decline within the indicator got here because the cryptocurrency sector as an entire went by means of a bearish shift. In whole, the XRP community noticed the exodus of 784 millionaire wallets throughout this window, a big quantity. Since the beginning of January, nevertheless, the pattern has flipped. “XRP’s value is down a modest 4% because the begin of 2026, however its variety of ‘millionaire’ wallets is rising for the primary time since September,” famous Santiment.
So far, the rise in addresses holding greater than 1 million tokens hasn’t been something too notable, although, with simply 42 wallets of this dimension popping again up on the blockchain. That mentioned, the truth that big-money traders are now not leaving the community might nonetheless be a significant improvement.
A community that has seen a improvement associated to whales that’s not so optimistic is Dogecoin. Citing information from Santiment, analyst Ali Martinez has highlighted in an X post how the memecoin has confronted a 94.6% plunge in whale transaction exercise throughout the previous few weeks.
As displayed within the above graph, whale-sized XRP transactions numbered at 109 4 weeks in the past, however immediately, that determine has dropped to only 6. This means that the big entities have shifted their consideration away from Dogecoin.
This might mirror the risk-off conduct within the wider sector, the place the big-money traders are selecting to tug again as uncertainty surrounds the market.
XRP Price
XRP is buying and selling round $1.87 proper now, down 22% in comparison with its high from early January.