Ripple’s XRP ownership shifts as whales regain 68% of supply

Ripple’s XRP shifted its ownership culture, as whales are once again the major influence. Over 68% of the XRP supply is now in the hands of whales, the largest share since 2022. Whales bought up XRP actively and are once again becoming one of the major factors for the asset’s direction. Based on Santiment data, whales control 68.5% of the entire XRP supply, or over 46B tokens. The group of large-scale holders and whales now own the largest amount of XRP since 2022. For years, whales distributed their XRP, leading to a stagnant price. The renewed accumulation is a reversal of this trend, as retail capitulates after years of stagnant prices. In October, whales were also active traders, with an uptick in flows to Binance.

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