Ripple Hits New Record, Reaching 2,700 Whales

Quick overview

The altcoin XRP, developed by Ripple Labs, has reached a major milestone: more than 2,700 wallet addresses now hold at least one million XRP tokens.

This marks the highest number of “whales”—large-scale investors—recorded on the XRP Ledger in over a decade.

According to data from the platform Grok, each of these addresses holds more than $2.21 million worth of XRP at current prices, indicating strong backing from major capital. The trend also extends to “sharks”—wallets holding between 100,000 and 1 million XRP.

This growing token concentration comes alongside a sharp increase in network activity. Over the past week, more than 295,000 addresses were active daily, far above the recent monthly average of 35,000 to 40,000, according to data from Santiment.

Momentum has been further boosted by announcements such as Purpose Investments’ plan to launch an XRP ETF on the Toronto Stock Exchange on June 18, and the decision by companies like VivoPower to include XRP in their reserves. Globally, ETF applications for XRP are also on the rise.

At the same time, the XRP ecosystem is expanding with new initiatives like the RLUSD stablecoin and decentralized finance (DeFi) solutions—broadening its use case beyond speculation. These developments are helping XRP solidify its position as one of the most institutionally promising cryptocurrencies on the market today.

ABOUT THE AUTHOR See More

Ignacio Teson

Economist and Financial Analyst

Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.

Related Articles