XRP Whales Now Control 68.5% of the Supply. Here’s the Significance

]Crypto analyst X Finance Bull (@Xfinancebull) has published data showing a significant shift in XRP supply distribution.

The numbers come directly from Santiment’s on-chain tracking platform. They show large holders are quietly taking control of an increasingly large portion of XRP’s total circulating supply.

Whales Now Hold 68.48% of All XRP

Santiment data shows wallets holding at least 10 million XRP now control 46.87 billion tokens. That represents 68.48% of XRP’s total circulating supply.

X Finance Bull’s post states that this is “the highest share since November 2022.” The chart shared alongside the post confirms the figure, with XRP’s price sitting at $1.2893 at the time of the data snapshot.

The scale of concentration is notable. A relatively small number of large wallets now hold more than two-thirds of all XRP in circulation. That dynamic has historically reduced the supply available on open markets.

BREAKING🚨🚨 $XRP WHALES NOW CONTROL 68.5% OF THE SUPPLY!

That's 46.87 BILLION XRP held by wallets with 10M+ tokens, the highest share since November 2022, according to Santiment.

Whales keep accumulating around $1.29. Who's still buying with them? pic.twitter.com/DuWAS842tq

— X Finance Bull (@Xfinancebull) October 27, 2026

Accumulation Has Been Steady Through 2026

The Santiment chart covers data from early 2023 through late 2026. It shows whale holdings climbing steadily through 2025 and into 2026.

The percentage of supply held by 10 million+ wallets dipped during the 2024-2025 price run-up, then resumed its climb as XRP’s price compressed back toward the $1.29 range.

This pattern suggests large holders have been buying during periods of lower price activity. The accumulation has not been a sudden event. It has built gradually over an extended period.

Why This Signals Bullish Conditions for XRP

When a high percentage of circulating supply moves into large, long-term wallets, less of that supply is available for sale on exchanges. Reduced sell-side supply can create upward price pressure when demand increases. This is a basic function of supply and demand dynamics in any asset market.

XRP’s current whale concentration of 68.48% puts meaningful supply in the hands of holders who are not actively selling. The fact that accumulation has continued at the $1.29 level shows conviction from large buyers at current prices.

On-chain data of this type is one of the more reliable signals analysts use to assess market positioning. It reflects actual wallet behavior rather than sentiment or speculation.

What the Data Shows Going Forward

The combination of high whale concentration, steady accumulation, and a compressed price range gives XRP a constructive on-chain setup. X Finance Bull’s post asks “who’s still buying with them?” The Santiment data provides a clear answer. Large holders are actively adding to their positions, pulling the supply off exchanges.