XRP Whales Accumulate $3.15 Billion Ahead of November Surge

While XRP’s price has been moving sideways, something interesting is happening behind the scenes. Blockchain data shows that the biggest holders—often called “mega-whales”—have been quietly stacking up massive amounts of XRP. Despite the lackluster price action and generally weak sentiment, the underlying network data tells a different story—one of growing confidence among major holders.

What the Data Shows

According to on-chain analyst STEPH IS CRYPTO, these institutional-sized wallets added more than $3.15 billion worth of tokens during the second half of October. It’s the kind of move that suggests big players are positioning themselves early for what could be a significant move in November.

The on-chain chart from Santiment tracks two key whale groups, and their behavior over the past few weeks reveals a clear divergence:

• Mega-whales (100M–1B XRP) dramatically ramped up their holdings between October 16 and October 31, going from 6.97 billion to 8.24 billion XRP—a net gain of 1.27 billion tokens, worth roughly $3.15 billion. This is the strongest two-week accumulation period since early 2024 and signals long-term positioning, likely by institutional desks or high-net-worth investors betting on future upside.
• Mid-tier whales (1M–10M XRP) reduced their exposure during the same period, dropping from 6.48 billion to 6.31 billion XRP. This suggests profit-taking or redistribution—a classic pattern where smaller whales sell into strength while the big players accumulate quietly.
• Timing matters. The accumulation kicked off right as October entered its second half, a period when XRP historically sees volatility spikes. The scale of the inflows suggests this isn’t just speculation—it looks strategic, as if whales are expecting a catalyst or sentiment shift heading into November.

Why It Matters

While price action has been quiet, XRP’s fundamentals continue to strengthen. Ripple is advancing tokenization and cross-border payment partnerships, and institutional adoption of on-chain settlement infrastructure keeps growing. At the same time, exchange reserves have fallen, indicating that coins are being moved into cold storage—another bullish long-term signal.

Put together, these factors suggest accumulation is happening beneath calm market conditions, a setup that often comes before major directional moves once liquidity returns.

The data is clear: large-scale XRP holders are increasing their positions while smaller whales trim theirs. This on-chain divergence—totaling over $3 billion in net accumulation—backs the idea that institutional investors are gearing up for XRP’s next big move. If history is any guide, the current consolidation could be the calm before the storm—and possibly the start of XRP’s next leg up.