“Unidentified Whale Ranks 2nd”... Sweeping 1.8% of XRP, Shaking Up the Market While Hiding Its Identity

▲ XRP, Whale/AI-generated image

Market tension is rapidly increasing as the existence of a massive 'unidentified whale' that is shaking up the XRP supply structure has been revealed.

The Crypto Basic reported on May 4 (local time) that the wallet ranking second in XRP holdings is controlled by a large investor whose identity has not been revealed. This address holds approximately 1.8 billion XRP, which accounts for about 1.8% of the total maximum supply and approximately 3% of the circulating supply.

This wallet currently ranks second, trailing slightly behind Bithumb's wallet, the largest holder. However, market attention is focused on it because the owner has not been identified at all. While the identities of top holders like Binance and Uphold are clear, this address remains uniquely and completely anonymous.

This whale wallet is not just for storage; it's also actively moving funds. Recently, it transferred approximately 345 million XRP to various other addresses multiple times and has since shown continuous activity, including receiving additional large sums of money.

Notably, this wallet was confirmed to have grown rapidly in size after starting with just 10 XRP in December 2024. Some data showed traces of this address interacting with wallets linked to specific exchanges, but a direct connection has not been confirmed.

Market analysis suggests that the existence of such a 'silent whale' could act as a significant variable in future price movements. Indeed, the top four wallets are found to hold approximately 7% of the total supply, indicating an increasing concentration of supply.

Another large group of investors is also aggressively accumulating. Over the past 11 days, wallets holding between 100,000 and 10 million XRP have reportedly purchased an additional 1.15 billion XRP, intensifying demand-supply pressure in the market.

Ultimately, the whale controlling vast amounts while hiding its identity, combined with the ongoing large-scale accumulation, is creating a structure that rapidly depletes the circulating supply of XRP. It is observed that price volatility could increase further if demand is maintained in a situation where supply is tightening.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*