Kamilah Stevenson, host of a popular wealth-focused YouTube show, says XRP’s largest token holders accumulated aggressively while the asset’s price weakened after its July peak. Citing on-chain wallet and exchange-flow data, she says the cohort added about 4.63 billion XRP during the decline, a position she values at roughly $4.9 billion.

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The main point, Stevenson says, is that the buying — if the underlying data is accurate — suggests larger XRP holders were increasing exposure while retail participation faded. She repeatedly stresses that the activity is not a price prediction, but a read on how supply and liquidity may be shifting among different holder groups as the market retraced.

Large-wallet balances rose from 7.5 billion to 12.13 billion XRP

According to Stevenson, the large-holder cohort initially sold into XRP’s rally, with its balance falling to about 7.5 billion XRP by mid-August. As the market kept falling, the balance reportedly rose to around 11.8 billion XRP by December, then remained flat for roughly three months before resuming its climb in March.

She says the current balance stands at approximately 12.13 billion XRP. “They did not buy the top and hold,” Stevenson says, describing the pattern as accumulation spread across the downturn rather than a single entry near the market peak.

Her interpretation is that the largest wallets have been absorbing supply from mid-sized participants. Wallets holding between 10 million and 100 million XRP were described as steady accumulators, while holders with between 100,000 and 10 million XRP were said to be distributing.

Exchange outflows and wallet growth point to tighter held supply

Stevenson says Binance outflow dominance recently reached 91.4%, while retail activity across major exchanges fell about 8.4%. She also claims large holders accounted for roughly 90.5% of exchange flows, arguing that bigger wallets were withdrawing coins into self-custody rather than depositing them for sale.

The episode also cites a record of more than 332,000 wallets holding at least 10,000 XRP. At the same time, new wallet creation reportedly fell to its lowest level since November 2024, a contrast that can matter for market observers because it points to stronger activity among existing holders even as fresh user growth remains subdued.

Stevenson compares the current setup with similar exchange readings seen before XRP advances in October 2024 and in June of the previous year, while acknowledging that such signals have not always led to an immediate rally. “Large holders can be early,” she says.