XRP Whales Hold More Tokens as Price Stagnates: Quiet Accumulation in January?

In January, while XRP remained lagging in the $1.88 range, something significant was happening beneath the surface of the market. On-chain data reveal a decisive movement that starkly contrasts with the apparent calm of the price chart. As of today, XRP trades at $1.37, reflecting a 14.21% decline, but the activity behind the scenes tells a different story.

Explosion of Millionaire Wallets: 42 New Giants Accumulating

During January, the millionaire club grew substantially. There were 42 new elite wallets each holding more than one million XRP tokens. This figure is not trivial: it represents 42 new market decision-makers actively buying while most investors hesitated. With a total of 5,784,577 holder addresses, these large accumulators represent forces with real capacity to influence market dynamics.

Institutional Influx of $92M: Money Flows Into XRP

Alongside this whale accumulation, XRP ETFs received nearly $92 million in new capital during January. This institutional flow is particularly relevant given the broader context: while Bitcoin experiences outflows, XRP is attracting sophisticated capital. This divergence suggests that institutions may be seeing opportunities where the wholesale market has yet to react.

The Contrast: Whale Movement vs. Price Stagnation

The most intriguing aspect is the disconnect between accumulation activity and price action. Despite 42 new millionaire wallets holding significant positions and $92 million flowing into institutional products, XRP remains compressed. Concentration data, with the top 10 addresses controlling 38.36% of the supply, indicate a structure where major players have the power to catalyze movements when they decide to act.

What Does Silent Accumulation Say?

The story told by the data goes beyond what the current price reflects. When whales are massively accumulating and institutional capital flows steadily, it typically precedes major movements. The question is whether this silent accumulation in January is the prologue to a significant move or simply long-term consolidation. The upcoming actions of these 42 new millionaire wallets will be crucial in defining the next market direction.