XRP whale activity is frequent: 78 new wallets sweep up 77 million coins in one day. What does on-chain data suggest?

On-chain data monitoring has uncovered new tricks again. In just one day, 78 newly created wallets collectively bought over 77 million XRP. The high frequency has made many observers uneasy. One address even swallowed 35 million XRP in a single go, while several other wallets accumulated over 1.99 million each. Behind this wave of activity, is it whales quietly bottoming out, or is there a deeper signal?

The Truth Revealed by Data: It’s Not Just New Wallets Moving

This anomaly isn’t just about new accounts. Besides the 77M XRP flowing into new addresses, 246 existing old wallets also didn’t sit idle, collectively increasing their holdings by nearly 18 million XRP. More notably, 44 new accounts each accumulated over 300,000 XRP, indicating this isn’t a single-capital operation but a broader, multi-point accumulation pattern.

Current data shows that XRP’s top 10 addresses hold a concentration of 38.97%, and the top 100 addresses account for 67.83%. In such a highly concentrated pattern, the actions of large holders can significantly influence market expectations.

Some Wallets Are Selling, But It’s Not What You Think

On the flip side, some large addresses are indeed offloading. An address associated with an exchange transferred out 2.8 million XRP, possibly involving internal transfers or user withdrawals. More eye-catching is that 78 wallets completely emptied their holdings, with individual transfer amounts around 2.4-2.41 million XRP, totaling over 108 million XRP leaving the market in a single day.

On the surface, this looks alarming—so much coin leaving in one day, isn’t it a dump? However, industry data analysts generally believe this phenomenon could actually be a signal.

It’s Rotation, Not Fleeing

From the symmetry of the data, the 78 new wallets entering and the 78 old wallets exiting form a perfect match, which is unlikely to be coincidental. Several on-chain analysts believe whales are reorganizing their positions. This behavior often signals preparation before a new market phase—large holders may be optimizing wallet structures, enhancing privacy, or gearing up for bigger moves.

More convincingly, the big picture shows: whales holding between 2,000 and 100 million XRP, and super whales holding between 100 million and 500 million XRP, have quietly accumulated XRP worth over $7.8 billion since August. Such buying strength doesn’t look like preparing to dump; it seems more like building momentum for a larger event.

No Signs of Deleveraging in the Short Term, But Clear Accumulation

The complete on-chain picture is as follows: new and old wallets are increasing holdings simultaneously, large transfers are quite regular, and large holders’ accumulation actions have never stopped. All these point to one conclusion—whales are not selling, but rather rebalancing.

What exactly are they preparing for? The answer remains unknown, but accumulation itself is a powerful market signal.

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