The XRP ecosystem has marked a major on-chain milestone as the number of large-wallet holders, commonly referred to as whales, reaches an all-time high. This development comes as the payments-focused cryptocurrency celebrates over 12 years in the digital asset space.
Record 2,700+ Wallets Hold Over 1 Million XRP
On-chain analytics show that there are now more than 2,700 wallets holding at least 1 million XRP—a historic first in the network’s lifespan.
This increase in high-value holders is viewed as a strong indicator of long-term investor confidence, despite relatively modest price performance in 2025.
These so-called whale and shark wallets reflect institutional or high-net-worth activity and suggest a belief in XRP’s strategic utility in cross-border payment networks.
XRP’s Price Up Just 7.5% in 2025
Despite the surge in whale accumulation, XRP’s market price has underperformed, gaining only 7.5% year-to-date. As of the latest data, XRP is trading near $2.23, up marginally from the start of the year.
This divergence between price action and wallet accumulation signals possible future volatility or a positioning phase by major investors.
Active Addresses Near 300,000 Daily
Another significant trend is the dramatic rise in network usage. The number of daily active XRP addresses has averaged over 295,000 in the past week—a massive increase from the 35,000–40,000 daily average seen over the last three months.
This surge in activity suggests growing adoption, user engagement, or preparation for upcoming developments within the XRP ecosystem.
XRP’s Role in Payments and Fintech
XRP remains a core asset in blockchain-based payments infrastructure, especially in cross-border use cases. As the native token used to settle transactions on Ripple’s global payment network, its role in the fintech space is unique and increasingly relevant amid regulatory shifts and digital finance innovation.
The recent spike in whale wallets may be signaling that key players expect greater utilization of XRP in institutional-grade payment solutions.
Conclusion: Quiet Confidence from the Big Players
While XRP may not be leading the crypto market in price performance, its on-chain fundamentals—particularly whale accumulation and network activity—are pointing toward deep-rooted investor confidence. The 12-year anniversary of the asset coincides with some of the strongest signals of long-term belief in its utility.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.