In crypto markets, the biggest wallets often tell the most important story. While price charts dominate headlines, large holders quietly shape liquidity conditions behind the scenes. When whales accumulate, supply tightens. When they distribute, volatility often follows. That is why tracking top addresses remains critical for understanding XRP’s broader market structure.
Crypto analyst Chad Steingraber recently spotlighted this dynamic in a post on X, sharing updated whale concentration data for XRP. According to the figures he cited, the top 100 XRP addresses currently hold 25.77 billion XRP. Given XRP’s fixed maximum supply of 100 billion tokens, these wallets collectively control roughly 25% of the total supply.
XRP’s Fixed Supply and Distribution Model
XRP differs from many cryptocurrencies because it launched with its full 100 billion token supply already created. Ripple placed a significant portion into escrow, releasing tokens on a programmed schedule to promote supply stability. The remaining tokens circulate across exchanges, custodians, institutions, and private wallets.
XRP Whale Watch –> 25.77Billion XRP 👀⬇️ https://t.co/4ldLPBnvhc pic.twitter.com/wdnrY45oNu
— Chad Steingraber (@ChadSteingraber) February 23, 2026
When analysts examine whale concentration, they attempt to distinguish between exchange wallets, institutional custody accounts, and independent high-net-worth holders. Although precise classifications vary by data provider, the scale of 25.77 billion XRP among the top 100 addresses underscores meaningful concentration within the ecosystem.
Short-Term Accumulation, Monthly Net Outflows
Steingraber’s update highlights an important nuance. Whale activity shows signs of short-term accumulation, yet broader monthly data reflect net outflows. This divergence suggests that large holders reduced exposure earlier in the month but have recently begun rebuilding positions.
Such behavior often emerges during consolidation phases. Whales frequently manage risk dynamically. They may lighten positions during sharp volatility and re-enter when the price stabilizes or approaches perceived value zones. On-chain transparency allows market participants to monitor these flows more directly than in traditional finance.
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Why Whale Concentration Matters
When a relatively small number of addresses control one-quarter of the total supply, their behavior carries weight. Sustained accumulation can restrict circulating liquidity and amplify upside momentum if new demand enters the market. Conversely, aggressive distribution can accelerate downward price pressure.
Whale data does not guarantee future price direction, but it reveals capital movement patterns. The presence of 25.77 billion XRP in the hands of the top 100 addresses highlights the importance of monitoring large-holder activity as XRP navigates its next market cycle.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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