The first half of 2025 witnessed significant shifts in the structures of cryptocurrency asset holdings. Among the notable changes was the decrease in the percentage of holders of $XRP
to half. However, the performance of #XRP continued to outperform #Solana in terms of total market share.
Despite the decrease in the number of XRP holders, investor sentiment towards XRP remained positive, as evidenced by the latest on-chain data for June.
The number of holders of $XRP has halved - so why does it still outperform Solana?
According to the asset distribution report for the first half of 2025, the percentage of holders of $XRP nearly doubled from October 2024 to May 2025, rising from 1.29% to 2.42%.
However, when isolating the period within the first half of 2025, the percentage dropped from 5% to 2.42%. These conflicting figures highlight how conclusions may vary depending on the timeframe.
Percentage of XRP holdings.
The number of XRP holders has experienced notable fluctuations, closely following fluctuations in the price of XRP. Thus, while the long-term trend indicates growth, short-term figures may witness sharp declines.
In contrast, the percentage of Solana holders declined from 2.72% in November 2024 to 1.76% in May 2025. Part of this decline was attributed to investors shifting from SOL to XRP amidst increasing optimism about the potential approval of the XRP exchange-traded fund.
The report mentioned: "The cryptocurrency investment sector sees the approval of the #RippleSpot exchange-traded fund likely preceding the approval of the Solana Spot exchange-traded fund. Thus, we observed a partial capital allocation shift from institutions from SOL to XRP."
On a broader scale, it appears that retail investors have shifted away from Bitcoin in favor of alternative coins that are seen as providing higher profit potential, especially XRP.
Analysis showed that between November 2024 and May 2025, Bitcoin holdings among retail traders declined, while institutional Bitcoin holdings remained stable.
Asset distribution structure for individual and institutional investors.
The report indicated that "based on additional analyses, it is likely that retail traders have liquidated their Bitcoin holdings to purchase alternative coins, such as XRP, and are holding stablecoins more than usual".
Supporting this trend, B,eIn,,Crypto recently reported that the number of large XRP wallets surpassed 2700 wallets in June, marking the highest level in 12 years. This increase indicates a growing confidence among major investors.
These developments indicate that XRP stands out as a rare case, attracting sustained interest from both retail and institutional sectors.