85 New XRP Millionaire Wallets Appeared Before 67% Rally, Santiment Says
XRP’s latest market history contains an interesting on-chain signal. Santiment says 85 new XRP addresses holding at least 1 million XRP appeared just two days before the token recorded a 67% price breakout between August 17 and August 21.
The data does not prove that large holders caused the rally. However, the timing has drawn attention because the increase in millionaire-tier wallets came before the sharp move rather than after it. Santiment highlighted the metric on September 15 as part of its latest XRP analysis.
XRP Millionaire Wallets Moved Before the Rally
Santiment tracks XRP addresses across several large-balance categories, including wallets holding between 1 million and 10 million XRP and larger tiers above that level. Its latest analysis identified 85 additional addresses in the 1 million-plus category shortly before the August breakout.
Large-wallet activity can matter because concentrated holdings represent a significant amount of available XRP liquidity. Changes in these wallets can therefore coincide with shifts in supply distribution and market positioning.
Still, wallet counts require some caution. The appearance of 85 additional qualifying addresses does not necessarily mean 85 new investors purchased XRP. Exchanges, custodians and existing holders can move assets between addresses, creating changes in wallet counts without representing an equivalent number of new market participants.
Related: Ripple Partners With Louisville Athletics to Put XRP on Denny Crum Court
The timing is nevertheless notable. XRP subsequently advanced sharply between August 17 and August 21, with Santiment measuring the move at 67%. The on-chain increase therefore provides a data point for investors examining what happened before the breakout.
Santiment has continued tracking the number of 1M+ XRP wallets through its market intelligence platform. Its XRP charts compare large-holder distributions with price action, allowing changes in whale-tier addresses to be viewed alongside broader market movements.
The metric also fits into a wider pattern of interest in XRP’s large holders. Earlier research from WisdomTree reported a substantial increase in XRP wallets holding at least 1 million tokens during a separate period, although that analysis covered a different timeframe and should not be treated as the same measurement.
RLUSD Adds Another Layer to the XRP Ledger Story
Santiment is also pointing to developments taking place beyond XRP’s price chart. The analytics platform highlighted Ripple’s support for an RLUSD credit fund targeting lending to fintech and payments companies using the XRP Ledger.
The development matters because RLUSD gives the XRPL ecosystem a dollar-denominated settlement asset alongside XRP. Greater stablecoin activity could create additional transaction and settlement use cases for the underlying network, although it does not automatically translate into increased XRP demand.
Santiment also pointed to Ripple’s investments involving ZILO and Licuido. Those initiatives expand the broader financial infrastructure being developed around the XRP Ledger, including areas such as tokenization, asset transfers and collateral mobility.
Related: Ripple CEO Brad Garlinghouse Reacts as CLARITY Act Fails Senate Vote
That gives XRP a broader narrative than its trading activity alone. The combination of large-holder data, stablecoin infrastructure and institutional applications provides several different metrics that market participants can monitor as the year progresses.
The key question is whether the increase in large wallets remains sustained. A temporary jump can be less meaningful than continued growth in large-holder participation combined with rising network activity and actual usage.
For now, Santiment’s data shows that the number of 1M+ XRP addresses increased sharply before the August breakout. It is an important historical correlation, but not proof of causation or a guarantee that the same pattern will precede another XRP rally.
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