The number of XRP wallets holding more than 100 million decreased by 20.6% over eight weeks, with 569 wallets exiting this category.
The largest XRP wallets on-chain have witnessed a divergent shift in recent weeks. New data from the analytics firm Santiment revealed a variance in the number and balances of wallets.
The platform reported a decrease in the number of wallets holding at least 100 million XRP. It also noted that the total digital currencies held by the remaining wallets peaked in several years.
Large XRP wallets decreased by more than 20%
According to Santiment, the number of XRP wallets holding more than 100 million has decreased by 20.6% over the past eight weeks, reinforcing the previously mentioned decline. This drop corresponds to the exit of 569 large wallets from this category during this period.
The accompanying chart illustrates a steady increase in the number of large wallets throughout most of 2024 and early 2025. This upward trend sharply reverses from early October 2025 to the present, highlighting a notable shift in the dynamics of the chain.
Price movements during the same period indicate a phase of weakness for XRP, as candles showed persistent pressure during recent sessions. The decline in large wallets appears to follow this weaker backdrop, suggesting a potential relationship between wallet activity and market conditions.
On-chain flows suggest consolidation among major addresses, with the possibility of some balances merging into fewer wallets. This may lead to a reduction in the visible number of wallets even as the total assets remain relatively unchanged.
The decline in wallet numbers may also reflect the exit of some major cryptocurrency holders who have moved their funds elsewhere. At the same time, the remaining wallets seem to have absorbed the remaining liquidity, maintaining relative stability in their total holdings.
