XRP Millionaire Wallets Return as Large Holders Accumulate

The number of XRP wallets holding at least 1 million tokens has begun rising again, reaching 2,016 wallets as of January 29, 2026.

This marks the first meaningful recovery in this high-balance cohort since September 2025, ending a four-month period of steady decline during which roughly 784 millionaire wallets exited the ledger.

The reversal suggests a renewed presence of large holders at a time when XRP price action has remained relatively subdued, pointing to accumulation rather than speculative momentum.

Whale Wallets Rebuild Positions

On-chain data shows that 42 wallets with balances above 1 million XRP have returned since the start of January. At current prices near $1.87–$1.90, entry into this tier requires a minimum position value of roughly $1.87 million, underscoring the capital commitment involved.

Beyond the 1 million threshold, wallets holding between 10 million and 1 billion XRP have also expanded their exposure. Since early January, this group has accumulated more than 570 million XRP, valued at approximately $1.14 billion, reinforcing the view that larger participants are increasing positions into price weakness rather than distributing.

Accumulation Despite Softer Price Action

The rebound in millionaire wallets stands in contrast to XRP’s modest price decline since the beginning of 2026. Historically, this type of divergence, rising high-balance addresses alongside flat or declining price, has been associated with longer-term positioning rather than short-term trading behavior.

Additional on-chain metrics support this interpretation. Wallets classified as “smart money,” defined by consistently profitable trading history, increased their XRP holdings by 11.55% over the past 30 days, indicating that capital with a stronger performance record is leaning toward accumulation.

Supply Concentration Remains a Factor

Despite the increase in whale participation, XRP ownership remains highly concentrated. As of mid-January, the top 10 wallets, largely linked to Ripple and major exchanges such as Binance and Bithumb, controlled approximately 18.56% of the circulating supply. This concentration continues to shape liquidity dynamics and remains a structural consideration for the market.

Institutional Flows Add Support

Institutional interest has also shown relative strength. U.S.-listed spot XRP exchange-traded products recorded more than $90 million in net inflows during January 2026, a notable contrast to outflows seen across several other major digital assets during the same period. These inflows suggest that, at the institutional level, XRP is attracting incremental allocation even amid broader market uncertainty.

Structural Signal, Not a Price Call

The return of XRP millionaire wallets does not signal an immediate price reversal, but it does highlight a shift in positioning. Large holders appear increasingly comfortable accumulating at current levels, even as broader market conditions remain mixed.

For now, the data points to patience and longer-term conviction among high-balance participants, with confirmation likely to depend on whether this accumulation trend persists alongside changes in volume, liquidity, and broader market risk appetite.

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