According to Santiment data, XRP wallets holdings at least 1 million coins have added 1.53 billion additional XRP in the last six months. This suggests that XRP whales have continued to accumulate even during the bear market. These wallets now control 74.1% of the total supply. The asset’s price jumped from $1.13 on June 15 to $1.29 on June 16 following the tight supply. Let’s discuss if you should follow what the whales are doing.
Should You Follow The XRP Whales?
XRP’s price has faced a steep correction over the last year. The asset climbed to an all-time high of $3.65 in July 2025, but has since fallen by nearly 67%. Retail players began offloading their XRP holdings amid surging macroeconomic uncertainty and geopolitical tensions. The US-Iran conflict led to a significant dip in retail confidence. While retail investors were moving their coins into exchanges, whales were quietly accumulating.
Whales buying XRP could be a signal that they anticipate prices to surge. XRP has been on a downtrend for nearly a year now, and we could see a reversal soon. The US and Iran are set to sign a peace deal this Friday. The opening of the Strait Of Hormuz has led to oil prices dipping. Both developments may cool off inflation figures. Lower inflation could lead to an interest rate cut. Lower rates could bring additional relief to XRP and other high-risk assets.
Also Read: Ripple CEO Reveals Why Banks Still Aren’t Embracing XRP at Scale
With supply low, it could take less new money to push XRP’s price. Demand for XRP was high this week, but supply was less. The development led to a price recovery. However, a concentration of coins in the hands of a few has its own risks. If the large wallets begin to sell, price could plummet.
