Blockchain analytics platform Santiment has highlighted a notable increase in the number of XRP ‘millionaire wallets,’ labeling the trend as an ‘encouraging sign’ for the digital asset. These wallets, typically defined as holding between 1 million and 10 million XRP, represent a key segment of high-net-worth investors often referred to as whales. According to Santiment’s data, the accelerated accumulation by these large holders indicates growing confidence in XRP’s long-term value proposition, despite recent market volatility. Historically, periods of intense whale accumulation suggest that the asset’s supply is being constrained by sophisticated investors, a condition that often precedes significant upward price movement. This ramping up of large-scale holdings suggests that major market players are positioning themselves for a potential rally, underpinning the positive sentiment reported by the analytics firm.
Source: XRP millionaire wallets are ramping up in ‘encouraging sign’: Santiment
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