XRP Ledger 10,000+ Wallets Hit 332,230 as Big-Holders Accumulate
XRP Ledger wallets holding 10,000+ XRP reached an all-time high of 332,230, using Santiment on-chain data. The wallet count rose steadily from late 2025 into May 2026, even as XRP traded with pullbacks and sideways periods amid uncertainty.
For crypto traders, this is often treated as a sentiment and “conviction” proxy for large holders. The latest reporting frames the growth as “loyalty through volatility,” suggesting bigger participants are sticking around during weaker price action.
However, TreeLine Trading cautions that rising wallet numbers can also come from existing holders splitting funds across more addresses, rather than fresh spot buying. Traders may still need price confirmation to confirm durable demand rather than address fragmentation.
Bottom line: the XRP Ledger large-holder expansion looks constructive for XRP sentiment, but the signal’s strength depends on whether XRP price action starts to follow through.
Neutral
The news is modestly supportive for XRP sentiment because XRP Ledger 10,000+ XRP wallets hit an all-time high and have grown steadily, which is consistent with large-holder conviction during drawdowns. That can help reduce perceived supply pressure from large holders and keep a bid underlying expectations.
However, both summaries highlight a key uncertainty: wallet growth may reflect address splitting by existing holders rather than new accumulation. Without confirmatory XRP price follow-through, traders should treat the on-chain signal as not fully validated. In the short term, the impact is likely limited to sentiment and positioning; in the long term, a bullish re-rating would require XRP price action to align with sustained large-holder demand.