XRP Ledger Wallets Reach New Record High Amid Market Volatility

XRP Ledger wallets holding significant balances continue to rise across the network, reaching a record high amid market volatility.

Data from blockchain analytics platform Santiment reveals that XRP Ledger wallets have touched a new all-time high of 332,230 wallet addresses having at least 10,000 XRP tokens. This trend indicates long-term accumulation among investors, who tend to hold onto their tokens rather than making quick trades.

The increase in large wallets has been steady since mid-2024 and shows no signs of slowing down, even with the recent decline of over 4,500 large XRP wallets between February 6 and 8. This brief dip was likely due to the broader crypto market selloff and liquidation wave that hit digital assets on February 5.