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$XRP whales have added over 4.18 billion tokens to their cumulative balance since the Oct. 10 crash that marked the start of the ongoing downtrend.
The broader crypto market has been on a sustained downward trend since the events of Oct. 10, 2025, and $XRP has not escaped the bloodbath, down exactly 50% from its opening price that day.
While panic has engulfed the market since then, large $XRP whales holding between 10 million and 1 billion tokens appear to be leveraging the dip to add to their balances in what has been a months-long accumulation campaign.
Key Points
- The ongoing market downtrend picked up following the Oct. 10 crash that shocked the market, with $XRP now down 50% from its opening price that day.
- Amid the downward pressure, $XRP shark addresses and smaller whales have panic-sold, distributing 2.87 billion $XRP since then.
- While panic engulfed the scene, large $XRP whales holding 10 million to 1 billion tokens remain unfazed, having accumulated 4.18 billion $XRP.
- These $XRP whales now hold 19.61 billion $XRP, representing 32% of the $XRP circulating supply and marking their largest combined balance in history.
- Wallets holding 10 million to 100 million tokens contributed the most to this trend, adding 2.88 billion $XRP in six months.
$XRP Impacted in the 10/10 Crash
Data from market intelligence resource Santiment confirms development, which details the divergent reactions to the 10/10 crash and the ongoing downtrend across different $XRP address tiers.
For context, $XRP opened Oct. 10, 2025, with a price of $2.8, as it battled a mild downward pressure after reaching $3.1 earlier that month. However, the sudden market crash pushed prices down 43% to $1.58 on Bitstamp. Despite a recovery to $2.37, $XRP saw a 15.32% crash that day. Since then, $XRP has dropped 50% to the current price of $1.39.
The dump spread across the entire crypto market, with Bitcoin (BTC) and Ethereum (ETH) suffering similar hits. Since then, the market has continued to face bearish pressure that appears to have lingered until now. Some market commentaries suggested that the 10/10 crash may have contributed to the ongoing downturn.
Large $XRP Whales Amass 4.18B Tokens
While panic has dominated the scene since then, Santiment data indicates that large $XRP whales may be taking advantage of the opportunity to scoop up more tokens at lower prices.
Specifically, after the crash, on Oct. 11, 2025, $XRP whales holding 10 million to 100 million tokens held a balance of 7.99 billion $XRP. Meanwhile, those with 100 million to 1 billion tokens had 7.44 billion $XRP. Together, these whales with 10 million to 1 billion $XRP possessed 15.43 billion tokens or 25.7% of the circulating $XRP supply then.
Interestingly, at press time, their cumulative balance has grown to a whopping 19.61 billion $XRP tokens, representing 32% of $XRP’s circulating supply. This indicates that these $XRP whales have procured 4.18 billion $XRP tokens since the Oct. 10 crash occurred. The current figure represents their largest combined balance in history.
Notably, wallets holding 10 million to 100 million $XRP contributed the most to the accumulation trend. Specifically, these addresses have increased their balance from 7.99 billion $XRP on Oct. 11, 2025, to 10.87 billion $XRP today, representing an addition of 2.88 billion tokens. Meanwhile, those with 100 million to 1 billion $XRP have added 1.3 billion $XRP.
$XRP Sharks and Smaller Whales Distributing
As larger whales seize the current opportunity to add to their balances, smaller whales and shark addresses appear to be panic-selling. For context, wallets holding between 100,000 and 10 million $XRP had a cumulative balance of 12.97 billion tokens as of Oct. 11, 2025, a day after the 10/10 crash.
Today, these addresses now hold 10.1 billion $XRP, showing that they have distributed 2.87 billion $XRP following the market crash and amid the ongoing downtrend.