The number of XRP wallets holding at least 1 million tokens has climbed to 2,147, marking the highest count recorded so far in 2026, according to blockchain analytics platform Santiment. The milestone follows the addition of 28 new large XRP wallets in just 10 days, a development that points to renewed activity among the cryptocurrency's major holders.

The latest whale wallet data reveals that 28 additional addresses crossed the 1 million XRP threshold in just 10 days, lifting the total from a previous count of 2,119 to the current 2,147 — growth of approximately 1.3%. Although the percentage increase is relatively modest, reaching a new annual high makes the trend noteworthy, and the jump has drawn attention because large cryptocurrency holders are often monitored for clues about market sentiment.

Wallets containing at least 1 million XRP represent substantial holdings, although their dollar value fluctuates with the token's market price. Because the threshold counts tokens rather than dollars, the fiat value of these positions rises and falls alongside the market. The rise in large addresses comes as investors continue watching XRP's market performance and broader cryptocurrency trends.

Why XRP Whale Wallets Are Increasing

The growth in XRP whale wallets could reflect several developments within the XRP ecosystem. Some existing holders may have accumulated enough tokens to push their balances past the 1 million mark, while others may have transferred assets between their own wallets, creating additional addresses that now qualify for Santiment's large-holder category.

Large-wallet activity is closely followed because significant holders can influence market liquidity when they buy or sell substantial amounts of cryptocurrency. Whale-count metrics like this one are a staple of on-chain analysis, which tracks balance changes directly from blockchain ledgers and groups addresses by size thresholds, giving market observers a recurring data point on how large-holder behavior shifts over time. Still, a rising wallet count is not direct proof that wealthy investors are purchasing XRP on exchanges. On-chain data can show changes in token balances, but it does not always reveal the reasons behind those movements, and further analysis of transaction flows and wallet ownership would be needed to determine whether the increase reflects fresh accumulation or internal transfers.

It is also worth noting that the number of wallets does not necessarily equal the number of individual investors. One person or institution can control multiple addresses, while exchange-held wallets may hold tokens belonging to many different customers. For that reason, wallet counts alone cannot establish how many distinct large holders are active in the market.

The figures were highlighted in a post on X (formerly Twitter) by the news outlet Cointelegraph on November 4, 2026:

BULLISH: XRP wallets with at least 1M tokens climb to 2,147, the highest count of 2026, after 28 new additions in just 10 days, per Santiment. pic.twitter.com/9Z4QaK461R
— Cointelegraph (@Cointelegraph) November 4, 2026

Could Whale Wallet Growth Support Prices?

The latest milestone may encourage investors who view large-holder accumulation as a positive market signal. If more major holders are steadily increasing their XRP balances, it could suggest confidence in the cryptocurrency's longer-term prospects.

However, wallet growth alone cannot predict future price movements. XRP's performance also depends on overall market conditions, trading demand, liquidity and investor sentiment — and large holders can sell their assets just as quickly as they accumulate them. Investors should therefore avoid treating the latest wallet count as confirmation of an upcoming rally.

The next key development will be whether the number of million-token wallets continues to rise over the coming weeks, and whether accompanying transaction-flow data helps clarify whether the new addresses stem from fresh purchases or redistribution among existing holders. For now, Santiment's reported total of 2,147 large XRP wallets stands as a new 2026 high, with 28 additional addresses appearing in just 10 days — figures that highlight growing activity among large XRP addresses even as the market awaits clearer evidence of sustained buying demand.

Source: CoinoMedia