XRP Holders Hit a Record 8.24 Million, So Why Is the Price Still Sliding?

XRP (XRP) now counts a record 8.24 million non-empty wallets on its ledger, according to Santiment. Yet, the token has dropped 17.21% over the past month to $1.31. Large holders and spot ETF investors, meanwhile, have been sending mixed signals. The price now trades just above a level Santiment treats as a test for the adoption signal. Holder Growth Meets Whale Deposits and a Small ETF Rebound Santiment’s data shows the holder count has kept climbing through months of price swings. The latest reading showed 4,772 new wallets in a single day, the fifth-largest spike since March. Still, wallet counts track addresses rather than people. One user or exchange can control many of them Larger holders, meanwhile, have been moving their XRP toward exchanges.

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