XRP whales added 72 million tokens over the past 24 hours, pushing their combined holdings to 12.18 billion coins even as spot XRP ETF net assets slipped below $1 billion. The buying is concentrated at the $1 level, a support line that has held since late 2024.
Large XRP holders are buying at exactly the price where institutional funds are pulling back. Whale wallets absorbed 72 million XRP in a single day, according to on-chain analytics platform Santiment. This extends a run that has added more than 452 million tokens over the past several weeks. Their combined balances now stand at 12.18 billion XRP, and the number of whale wallets holding more than 1 million coins has risen by 32 in recent months.
ETFs retreat as whales step in
Spot XRP ETF demand has stalled at the same time. During the first half of August, the funds attracted just $3.27 million in net inflows, according to SoSoValue data. And the Aug. 10, 11 and 12 sessions all closed with zero net flows. As a result, ETF net assets under management fell to $942.25 million, officially dropping below the $1 billion threshold.
With funds retreating, the price decline would likely have continued. But whale buying at the $1 support level has kept the price near this area, since the level marks a major support line that has held since late 2024 on the weekly chart.
Network activity ticks up
Network data also points to more established participation. XRP Ledger's average daily active addresses jumped from 26,400 to 35,700. Yet new users remain stagnant at roughly 2,260 per day. This suggests existing, experienced holders are the ones buying at $1, rather than a wave of new entrants.
Continuous whale buying is now replacing the liquidity lost from ETFs. It remains the main barrier preventing XRP from capitulating toward $0.90 and below.
Source: U.Today
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