Large XRP Wallets Hold 68.5% of Tracked Supply

Wallets holding at least 10 million XRP now account for 68.5% of the supply tracked by analytics firm Santiment, their largest share since November 2022, even as XRP trades near $1.30. The addresses hold a combined 46.87 billion tokens, according to Santiment data cited in reports published October 27 and October 28. The concentration figure measures the share of tracked XRP held by large addresses. It does not establish that those wallets represent individual investors or that their balances grew through new purchases. Exchanges and custodians may hold tokens for many customers, and transfers or wallet consolidations can change address balances without changing beneficial ownership. That distinction leaves the source of the increased concentration uncertain. Wallet balances alone also cannot show whether holders plan to keep or sell their tokens. The data therefore does not, by itself, confirm renewed investor demand or signal that a price recovery is imminent. XRP was reported between about $1.29 and $1.32 as the figures drew attention. One report said the token rose from roughly $1.29 to the $1.32 range on October 27 before leveling off below $1.33. Another described...