XRP Whale Wallets Reach 2,147 as Exchange Reserves Fall

The number of XRP wallets holding at least 1 million XRP reached 2,147, a 2026 high, after increasing by 28 over 10 days, according to the report.

Eighteen of those 28 additions occurred in the final three days, concentrating more than half of the measured increase at the end of the period. The report did not identify the wallets, their owners or transaction histories.

What does the wallet count show?

At 2,147 qualifying wallets, the dataset shows that the number of large XRP holders by address expanded during the measured span. Because the report supplied neither individual addresses nor owner labels, it cannot show whether the 28 additions represented new large positions, transfers into qualifying wallets or both.

The threshold series also counts addresses rather than tokens. A separate measure of large-holder balances tracked aggregate XRP holdings, which rose from about 6.32 billion to 6.35 billion between Nov. 4 and Nov. 7.

The report explicitly said that the aggregate holdings measure tracks a different figure from the count of wallets above 1 million XRP. The wallet series counts qualifying addresses, while the balance series measures aggregate holdings within its own large-wallet set. The report did not provide a wallet-by-wallet reconciliation.

Read together, the two series are consistent with more large wallets and more XRP in aggregate large-holder balances, although the report did not connect the changes to specific transactions.

What changed in exchange reserves?

• Reported XRP reserves on Binance fell from about 2.69 billion to 2.47 billion between Oct. 28 and Oct. 30.
• Bybit's reserves declined from 306 million to 286 million over the same period.

Both reserve series covered Oct. 28-30 and showed lower reported exchange balances. The report did not specify whether the changes reflected customer withdrawals, internal movements or other transactions, and it did not link them to the 28 wallet additions recorded separately.

That separation matters for market structure: lower exchange reserve totals and a higher count of wallets above 1 million XRP are different measurements, not proof that tokens moved directly from one venue into those wallets. Address-level transfers would be required to establish that route.

How much demand reached XRP ETPs?

XRP exchange-traded products recorded about $355 million in global net inflows in the third quarter of 2026, up 40% from the previous quarter. Assets under management rose 65% to $3.3 billion during the quarter, according to the report.

The ETP figures cover a full quarter, while the wallet and reserve data cover shorter, separate windows. The report did not provide daily product flows, so its $355 million of quarterly net inflows cannot be matched to the 18 additions in the final three days of the wallet series or to either exchange's two-day reserve decline.

For market operators, the combination documents a larger pool of XRP-linked ETP assets and a rising count of very large wallets, alongside reduced reported reserves at Binance and Bybit. It does not establish one cause, identify the owners behind the addresses or quantify how much liquidity remained available on either exchange.

The report's broadest demand measure was the ETP line: $355 million of global net inflows and $3.3 billion in assets under management for the third quarter. The wallet and reserve series offer narrower snapshots, so they show where reported balances stood on specific days rather than tracing a complete flow of XRP across the period.

The next structural test is whether the 2,147-wallet count holds while Binance and Bybit reserves remain below their late-October levels; the report's 10-day wallet snapshot cannot establish whether that shift will persist.