XRP whales now control 68.5% of supply, the highest share since November 2022

The biggest XRP holders now hold a larger share of the token than at any point in nearly four years. Wallets holding at least 10 million XRP control 68.5% of the supply, according to on-chain analytics platform Santiment. That is the highest concentration since November 2022. What the whale data shows Santiment’s metric tracks every wallet with a balance of 10 million XRP or more. It splits those wallets into three tiers: 10 million to 100 million, 100 million to 1 billion, and more than 1 billion tokens. The picture gets messier one level down. The number of wallets holding between 10 million and 100 million XRP fell from 351 to 339, according to Santiment data analyzed by crypto analyst Ali Martinez. That is a drop of 12 wallets in the smallest whale tier. Those holders could have sold, split their balances across addresses, or moved up into a larger tier. The data alone does not say which. What it does show is that the overall share held by whales rose even as the headcount in that bracket fell. Tokens are drifting toward exchanges Meanwhile, exchange balances ticked higher. Approximately 47 million XRP flowed onto trading platforms, a stash valued at roughly $61 million at curr...