Xrp Whales Go On A Massive Shopping Spree As Prices Surge

Crypto analyst Ali Martinez reported that $XRP whales went on a buying spree, accumulating 300 million tokens within a 96-hour window. The data, drawn from Santiment, was flagged on Aug. 20 and quickly drew attention across the market.

Price Jumps as Buying Pressure Builds

XRP price climbed from a low of $0.99 on Wednesday, netting a gain of over 25% with an intraday high of $1.245. At the time of writing, XRP was up 22% in the last 24 hours to $1.23 and up 24% on the week. The token was trading near $1.30 as momentum continued to build.

According to Santiment data cited by Ali Martinez, whale holdings climbed from around 16.05 billion on Aug. 16 to approximately 16.36 billion, reflecting the scale of recent buying. An activity surge and a spike in open interest preceded the price move, with CryptoQuant reporting a significant increase in the value of open XRP positions on Binance's derivatives market.

Millionaire Wallets on the Rise

Santiment data analyzed by Finbold showed the number of XRP Ledger wallets holding more than 1 million tokens reaching 2,038 on Aug. 12, a multi-month high, representing an increase of 32 such wallets over three months.

The latest accumulation follows months of quiet buying from large holders, with on-chain data indicating that average spot order sizes for XRP have stayed in "big-whale" territory throughout 2026, a pattern CryptoQuant describes as "quiet accumulation."

Santiment also reported last weekend that XRP saw its highest activity level in over two months, after earlier July activity had dropped near 2026 lows. The combination of rising on-chain engagement, growing large-wallet counts, and a sharp price recovery has put $XRP back in focus for traders watching the broader altcoin market.

This article is for informational purposes only and does not constitute investment advice.

Sources:
U.Today: XRP Whales Go Crazy With 300 Million Tokens Scooped Up in 25% Price Surge
Brave New Coin: XRP Jumps Over 20% as $1.5B Short Squeeze and Whale Accumulation Fuel Rally
Crypto Economy: XRP Whales Scoop Up 300 Million Tokens in Massive Accumulation Spree