XRP Whales at Record Levels: Institutional Confidence and Ecosystem Activity Increasing

In June, on-chain data in the XRP Ledger (XRPL) ecosystem indicates significant growth. It is observed that interest from large investors has increased, while there is also a notable leap in user activities.

Whale Wallets at a 12-Year High

According to Santiment data, the number of whale wallets holding at least 1 million XRP surpassed 2,700, setting a new record in XRP's 12-year history. Wallets of this scale hold approximately $2.25 million in assets at current prices. This increase is seen as a tangible indication of confidence, especially from institutional investors and high-net-worth individuals.

Surge in Active Address Count

However, the number of daily active addresses on the XRPL also reached 295,000 as of last week. This sharp increase from an average of 35,000 to 40,000 over the past three months indicates a dramatic rise in the network's usage rate. This situation shows a significant growth in interest within the XRP community and among general crypto investors.

According to BeInCrypto's analysis, XRP recorded a net inflow of $11.8 million in the same period, ending a three-week outflow streak. This indicates that a recovery in the corporate sector has begun.

Corporate Impact is Growing: XRP as an ETF and Reserve Asset

XRP has begun to attract more interest in the corporate arena. Canada-based Purpose Investments is preparing to launch the first XRP-focused exchange-traded fund (ETF), scheduled to be released on June 18, 2025. This development is another indication that XRP is being adopted by traditional financial institutions.

On the other hand, public companies Worksport and VivoPower have included XRP as a strategic reserve asset in their portfolios. This increase in corporate participation is an important indicator of XRP's future potential.

Sygnum's Investment Director Fabian Dori stated in an interview with BeInCrypto,

"CME's launch of XRP futures in 2025 and potential ETF approvals for XRP and SOL indicate that institutional investors are now willing to turn to riskier digital assets," he stated.

Cardano Integration and New DeFi Steps

The growth of the XRP ecosystem is not limited to price and investor interest. Charles Hoskinson, the founder of Cardano, confirmed that Cardano is taking steps for greater integration with the XRP ecosystem. This is supported by innovations such as the Lace wallet integration and Ripple's RLUSD stablecoin.

Limited Progress in the DeFi Space

Despite all these positive developments, XRP's impact in the DeFi space remains limited. According to DeFiLlama data, the total value locked (TVL) on the XRPL is around $60 million and has not shown significant growth since September 2024. Additionally, the daily trading volume on decentralized exchanges (DEX) based on XRPL is still below $100,000.

This situation indicates that despite strong investor interest in XRP, it has not yet managed to gain the expected momentum in the DeFi ecosystem.


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