XRP Millionaire Wallet Growth Suggests Quiet Whale Accumulation
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XRP millionaire wallets have begun to increase again, even as price movement remains weak. According to blockchain analytics firm Santiment, the number of XRP addresses holding at least one million tokens has gone up for the first time since the third quarter of 2025.
Santiment reported on social media platform X on January 28, 2026, that this development occurred while XRP was still down by about 4% year to date, suggesting that large holders may be accumulating quietly despite subdued market conditions.
XRP Millionaire Wallets Rise Despite Soft Prices
Santiment explained that a net increase of 42 XRP millionaire wallets had returned to the ledger since the start of January. The firm noted that this marked a clear reversal after several months of decline. Right now, data from the XRP Ledger showed that wallet growth resumed in early January, but XRP’s price remained largely stagnant.
However, analysts have described the gap between wallet expansion and limited price movement as a constructive divergence, often linked to long-term positioning by large investors.
The analytics firm further stated that the previous decline had been significant. Between early October and late December 2025, the number of XRP wallets holding at least one million tokens reportedly fell by around 784 addresses. Santiment added that this drop stabilized toward the end of December before shifting into modest growth at the beginning of 2026.
On-Chain XRP Data Points to Structural Change
Market observers said the recovery in XRP millionaire wallets came after the earlier contraction, not alongside a sharp price rebound. As it stands, this timing suggests that accumulation may be taking place underneath. Analysts also highlighted that exchange balances for XRP have been trending lower over the past year, which could indicate tightening available supply.
In addition, commentators pointed to the approval of several spot XRP exchange-traded funds in November 2025 as an important factor shaping the current market structure. While Santiment cautioned that millionaire wallet totals are still below mid-2025 levels, analysts described the recent increase as an early recovery signal rather than a full return to previous concentration.
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