The latest XRP warehouse distribution data show that the accounts of 10 per cent prior to entry now require 21,151 XRPs, 5 per cent prior to entry, 7503 and 1 per cent prior to entry, up to 44896. Prior to entry, 0.1 per cent of the account balance would need to reach approximately 27,5420.

This set of data reflects that XRP account coverage is still expanding, but large holdings remain concentrated in a few addresses. The report mentions that more than 8 million XRP accounts are currently funded, although this does not amount to 8 million independent holders, as the same user or agency can control multiple addresses.

Eight million accounts are funded.

In terms of distribution structure, there is a clear gap between the general holding account and the head address. Although the number of accounts holding XRP has exceeded 8 million, the number of addresses actually holding hundreds of thousands or even millions of XRPs is still very small.

The report cites data that some 800 accounts hold more than 3 million XRPs. This means that head space remains highly concentrated in the hands of a few addresses.

  • Top 10% threshold: 2151 XRP
  • Top 5% Threshold: 7503 XRP
  • Top 1% Threshold: 44896 XRP

There's a remarkable increase in whale transfers.

In addition to the warehouse distribution, large address activity has also increased in the recent past. Reports indicate that on 18 August, the number of single XRP transfers worth more than $1 million rose from approximately 9.9 to over 38 within 24 hours, an increase of approximately 280 per cent.

At the same time, the number of accounts holding at least 1 million XRP increased from approximately 2006 to 2038 within three months. Holding between 10 million and 100 million XRP wallets cumulatively increased in 2026 by approximately 1230 million XRPs, during a marked fall in XRP prices.

Active growth from older users

The use of data on the chain also shows that the most recent increase in activity has come mainly from inventory users. The average number of active XRP addresses per day rose from about 26,400 in July to 35,700 in August, an increase of about one third.

However, the growth of new addresses has largely stalled. On average, there were approximately 2260 new addresses per day in August and 2270 in July, with little change. This indicates an increase in network activity, which is more the result of an increase in transactions by the original users than a new large-scale inflow of users.

Overall, the shift of the XRP warehouse threshold, the increase in whale activity and the recovery of active addresses suggest that the asset remains at a high level of warehousing concentration, while the recent chain-to-chain heat is more driven by existing participants.