XRP Holders Hit a Record 8.24 Million, So Why Is the Price Still Sliding?

Data firm Santiment showed XRP’s ledger reached a record 8.24 million non-empty wallets, while the token fell 17.21% over the past month to $1.31. Wallet counts track addresses, not people, so one user or exchange can control many. Analyst Darkfost said large holders sent $112.4 million of XRP to crypto exchange Binance, the most in seven months, and spot XRP exchange-traded funds took in $4.25 million this week after a $1.84 million outflow ended 13 weeks of inflows. Santiment said a fall below $1.30 would weaken its adoption signal, especially with fewer than about 3,000 new wallets daily; a sustained move above $1.40 with network growth near or above 4,000 daily wallets could support a return to $1.50.