‘Millionaire’ XRP Addresses Rising For First Time Since September, Data Shows

On-chain data shows the XRP addresses holding over a million tokens have seen a reversal in behavior with some population growth in January.

In the context of the current topic, the range of interest is the one with 1 million tokens as the lower bound and no upper bound. Currently, the cutoff for the range converts to $1.87 million, so the only investors who would qualify for it will be those with substantial holdings.

This decline in the indicator came as the cryptocurrency sector as a whole went through a bearish shift. In total, the XRP network saw the exodus of 784 millionaire wallets during this window, a significant amount. Since the start of January, however, the trend has flipped. “XRP’s price is down a modest 4% since the start of 2026, but its number of ‘millionaire’ wallets is rising for the first time since September,” noted Santiment.

So far, the increase in addresses holding more than 1 million tokens hasn’t been anything too notable, though, with just 42 wallets of this size popping back up on the blockchain. That said, the fact that big-money investors are no longer leaving the network could still be a meaningful development.

As displayed in the above graph, whale-sized XRP transactions numbered at 109 four weeks ago, but today, that figure has dropped to just 6. This suggests that the large entities have shifted their attention away from Dogecoin.

This could reflect the risk-off behavior in the wider sector, where the big-money investors are choosing to pull back as uncertainty surrounds the market.

XRP is trading around $1.87 right now, down 22% compared to its top from early January.