Between October 2024 and May 2025, significant changes occurred in the altcoin market, especially regarding XRP and Solana tokens.
Changes in Investor Behavior
Bybit's data from the first half of 2025 indicates that the proportion of XRP investors rose from 1.29% to 2.42%, while the percentage of Solana holders decreased from 2.72% to 1.76%. This shift reflects growing confidence in XRP and positive expectations surrounding the asset. It is believed that developments in the regulatory sphere influenced these investment choices.
Price Movements and Market Positions
In November 2024, XRP surpassed Solana in market capitalization, securing the third position. In January 2025, XRP's price briefly reached $3.31, marking the highest level since 2018. Despite this peak, volatility led to an increase in XRP's portfolio share to 5% in January, which later corrected to 2.42% by May.
Institutional Investor and Whale Activity
There is a noticeable rotation of institutional investors’ portfolios from Solana to XRP. Analysts attribute this change to the expectation that the XRP ETF application will be approved before Solana's. Additionally, June 2025 saw over 2,700 significant whale activities in XRP wallets.
The overall positive sentiment towards altcoin ETFs in the crypto market propels XRP’s ascent. Multiple altcoin ETFs are anticipated to be approved by the end of 2025.
