The rise in XRP wallets holding more than 1 million tokens comes despite a weakening of broader crypto market sentiment, with a popular crypto indicator sitting in “fear” territory.
The number of XRP wallets holding more than 1 million tokens has been gradually increasing since the start of the year and could bode well for the asset’s long-term prospects, according to crypto analytics platform Santiment.
“XRP’s price is down a modest -4% since the start of 2026, but its amount of ‘millionaire’ wallets are rising for the first time since September,” Santiment said in a post on Wednesday.
Crypto traders often track large-holder accumulation, using it as a signal for where the asset’s price could head in the future.
