XRP Mid-Tier Holders Hit Record 332,230 Wallets Despite 20% YTD Drop

XRP has experienced a 20.7% year-to-date decline, with recent price action characterized by short rallies and pullbacks. However, on-chain data reveals a significant increase in mid-tier XRP holders, defined as those holding between 10,000 and 1,000,000 XRP. These wallets have reached an all-time high of 332,230, a trend that has been growing since June 2024. This accumulation by mid-tier holders, who are typically individual investors and smaller funds, suggests increased conviction and a willingness to accumulate during periods of fear rather than chasing momentum. While there was a temporary dip in wallet counts in early February, attributed to a broader crypto market crash, the overall trend indicates a strengthening holder base. This growing cohort of conviction buyers absorbing supply, coupled with a shrinking float, sets a potential stage for larger XRP price movements, although an immediate rally is not guaranteed.

(Source：BeInCrypto)