The largest wallets in the XRP market have spent close to four years adding to their holdings, and that accumulation run has now reached its most concentrated point since November 2022.

On-chain analytics platform Santiment published the updated figures on Tuesday, October 27, showing that whale wallets collectively hold approximately 46.87 billion XRP tokens. That total represents the highest aggregate balance recorded for the cohort of large XRP holders since November 2022. Because Santiment maintains these wallet metrics as an ongoing series, future updates to the aggregate balance of this cohort offer a way to track whether the accumulation trend continues or reverses.

Why Whale Balances Are Tracked

In digital asset market analysis, whale wallets refer to addresses holding large quantities of a given token. On-chain analytics firms monitor the aggregate balances of these addresses because shifts in their holdings can reflect accumulation or distribution activity among the market's largest participants. Santiment, a crypto market intelligence platform, publishes on-chain metrics covering wallet behavior, token supply distribution, and network activity across major digital assets.

About XRP

XRP is the native digital asset of the XRP Ledger, an open-source blockchain launched in 2012. The token's total supply is capped at 100 billion units, meaning the 46.87 billion tokens currently held by whale wallets represent close to half of the maximum possible supply. Ripple, the San Francisco-based payments company most closely associated with the asset, holds a significant portion of XRP in escrow under a scheduled release mechanism.

This content was first published on COINOTAG: https://en.coinotag.com/xrp-whale-wallets-46-87-billion-tokens-most-since-november-2022