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Despite a ~4% price decline since the start of 2026 (trading near $1.87–$1.90 as of January 29), the number of XRP “millionaire” wallets—addresses holding at least 1 million XRP—has increased, according to on-chain analytics firm Santiment.
Santiment reported a net gain of **+42** such wallets since January 1, marking the first uptick since September 2025 and reversing months of outflows. This brings the total to around 2,016 millionaire addresses, each valued at roughly $1.8–$1.9 million at current levels.
The growth amid a modest correction highlights accumulation by large holders (“smart money”) rather than distribution or panic selling. Santiment described it as “an encouraging sign for the long-term,” suggesting renewed confidence in XRP’s fundamentals despite short-term volatility and broader market consolidation.
**Key implications**:
– **Accumulation trend** — Large investors appear to view dips as buying opportunities, reinforcing a strong HODLing culture.
– **Bullish signal** — Historically, rising whale/millionaire activity often supports price stability and precedes rallies by reducing available supply.
– **Market health** — Contrasts with earlier declines (e.g., ~384 wallets exited Q4 2025), indicating shifting sentiment among high-net-worth participants.
Santiment analysts emphasized that this macro-level bullishness persists even as XRP trades below key levels. Related data shows whale (1M–100M XRP) and retail accumulation exceeding $1 billion in January, further bolstering ecosystem strength.
While short-term price action remains cautious, the millionaire wallet surge underscores underlying demand and long-term optimism for XRP among wealthy investors. Market watchers see it as a positive on-chain indicator amid regulatory and adoption developments.
