Monster XRP whale dominance hits highest level since 2022
In this news:
Key takeaways
- Wallets holding at least 10 million XRP increased their share to the highest level since November 2022.
- These large holders control roughly 73.99 percent of the circulating XRP supply.
- Analyst Ali Martinez warned of a potential selloff if whale momentum shifts.
XRP whale dominance reaches multi-year high
As XRP attempted to regain bullish momentum, up over 1.4% over the last 24 hours to $1.32 on October 27, 2026, on-chain data analysis shows XRP whales, addresses on the XRP Ledger with at least 10 million XRP, have increased their share to the highest level since November 2022.
On Tuesday, the wallets holding at least 10 million tokens, currently valued at $13.2 million, held 46.87 billion tokens worth over $61.87 billion, according to data Finbold analyzed from Santiment Intelligence.
With the token having a reported circulating supply of 63.35 billion at press time, these whales control roughly 73.99%.
This group of investors has been accumulating steadily over the years in spite of the fact that token’s price faced a multi-year bear market. As such, these whales have signaled the long-term potential of the token, bolstered by its global institutional adoption and regulatory clarity.
Price performance and market metrics
Over the past 7 days, XRP has added 1.49%, thereby increasing its market capitalization to around $83.08 billion at the time of publication.
During the last 24 hours, the token saw its average trading volume spike 10% to $1.62 billion at the time of publication, as per metrics from CoinMarketCap.
Although its price has signaled bullish sentiment, after it surged over 42% in the third quarter of 2026, crypto analyst Ali Martinez has warned that a potential selloff to its bear market low could happen if the whales shifts momentum.
Earlier this week, Martinez pointed out that the number of XRPL wallets holding between 10 million and 100 million XRP fell from 351 to 339 over the past few weeks.
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