Xrp Whales Cap Selling As Wallet Growth Hits 8-month High 2025

XRP saw record wallet growth and easing whale outflows, hinting at a potential market bottom despite the recent price weakness.

Over 21,000 new XRP wallets were created in 48 hours, the fastest growth in eight months.

Record decentralized exchange transactions coincided with XRP’s price weakness, hinting at non-organic activity.

Whale wallet outflows have stabilized after $650 million in selling, suggesting a potential bottom formation for XRP.

XRP (XRP) closed Tuesday’s daily candle at $2.20, its lowest level since July 4, before rebounding by 16% to $2.40 from the monthly lows of $2.06 on Thursday. Despite the relief rally, the altcoin continued to struggle to regain bullish dominance, as broader sentiment remains cautious.

However, onchain data pointed to renewed activity across the XRP Ledger. Analytics platform Santiment noted a sharp increase in XRP network participation, with over 21,000 new wallets created in just 48 hours, the highest growth rate in eight months.

Likewise, data from CryptoQuant reported record-breaking activity on the XRP Ledger’s native decentralized exchange (DEX), with 954,000 transactions marking the most active day in recent months.

Such a spike typically signals improved network health and adoption, but this time, it coincided with a notable price decline, a divergence that raised questions about the underlying drivers of the activity.

Analysts suggest that this disconnect may indicate that a significant portion of the transaction volume originates from whale distribution, arbitrage or automated trading, rather than organic buying.

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Source: CoinTelegraph