A recent post from crypto trader and enthusiast Dom has drawn attention to an interesting divergence in cryptocurrency accumulation trends. The data shared highlights that wallets holding over 100 XRP have seen significant growth, diverging sharply from the trends observed in Bitcoin (BTC) and Ethereum (ETH) over the past year. People keep accumulating $XRP at a rapid rate Look at the wallet count holding greater than 100 $XRP over the last year, it's gone parabolic. Why is this interesting? Well it's not the case for $BTC and $ETH pic.twitter.com/4oS7Ol6ynT — Dom (@traderview2) February 7, 2025 XRP Wallet Growth Outpaces BTC and ETH Dom’s analysis is based on blockchain data that tracks the number of addresses holding certain minimum amounts of each cryptocurrency. The key observation is that the number of wallets holding over 100 XRP has been increasing at a rapid rate, particularly in contrast to Bitcoin and Ethereum. The first chart (BTC) shows a decline in addresses holding at least 0.001 BTC over the past year. The second chart (ETH) indicates that addresses holding at least 0.1 ETH saw significant gains until late 2024, after which they began to decline. The third chart (XRP) illustrates a steady increase in wallets holding at least 1 million XRP, with a sharp spike following the February 2nd market sell-off. Dom specifically highlights the addition of 53 new wallets holding over 1 million XRP overnight following the February 2nd sell-off, suggesting that larger holders are accumulating more XRP at higher prices. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 What This Means for XRP The accumulation of XRP in larger wallet addresses is a potentially bullish indicator. A growing number of holders with significant XRP balances could indicate long-term confidence in the asset. This trend also suggests that investors who previously held smaller amounts may be scaling up their positions, or new entrants are acquiring XRP in bulk. Another X user, “Guy on the Earth,” responded to Dom’s post with an optimistic perspective, stating: “Definitely positive for the remainder of this cycle. A whole bunch of old and new holders stacking more at prices 5x higher than they sat at for years. Brilliant.” This perspective aligns with the notion that sustained accumulation at higher price levels could support a more resilient market structure for XRP . Contrasting Market Sentiment for BTC and ETH While XRP addresses with significant holdings have increased, Bitcoin and Ethereum present a different picture. BTC wallet growth has remained relatively flat or declining, suggesting that smaller holders may be reducing their exposure. After Ethereum (ETH) experienced an uptrend for much of 2024, there was a downturn in wallet counts holding at least 0.1 ETH, potentially indicating profit-taking or a shift in market sentiment. With growing institutional interest in digital assets and evolving regulatory developments, XRP’s accumulation trend could play a role in shaping its market trajectory for the remainder of the cycle. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Rich List: People Keep Accumulating XRP At a Rapid Rate appeared first on Times Tabloid .
