Recent analysis reveals a growing interest among affluent investors in XRP based on the concentration of tokens in large wallets.
Concentration of XRP Among Top Wallets
According to a post shared by the 'All Things XRP' account, 25 wallets currently hold approximately 20.3 billion XRP tokens, accounting for about 35% of the total supply of 58 billion, as reported by CoinMarketCap. The analysis suggests that this level of accumulation is indicative of growing confidence among high-net-worth individuals or institutional players in XRP's long-term outlook.
Wallets and Wealth Attribution
While several of the largest XRP wallets are managed by centralized exchanges, the analyst believes the size of these balances suggests they belong to affluent clients. He argues that ongoing accumulation patterns in these accounts align with investment strategies employed by sophisticated investors positioning themselves ahead of potential market shifts.
Whale Accumulation Trends Intensify
Data from recent weeks supports this theory. As of April 28, wallets holding 20 million XRP or more had a cumulative balance of 36.859 billion tokens, increasing to 37.131 billion, indicating that these wallets acquired an additional 272 million XRP over a short timeframe. Analysis showed that addresses holding between 10 million and 100 million XRP collectively acquired approximately 900 million tokens, worth about $1.89 billion, over the past month.
The accumulation trend among large XRP holders, combined with significant holdings in centralized platforms, suggests that a segment of the market, particularly wealthier participants, is betting on the asset's future growth.
