#XRPPredictions Bybit analyzed the current context of the exchange and decreed that there is great excitement around XRP
$XRP , even if Bitcoin remains the most popular cryptocurrency.
In an analysis of internal trends, Bybit has named XRP the “altcoin winner” as investors are increasingly interested in the exchange. Small and large investors are taking a bullish stance on the world’s fourth-largest cryptocurrency by market cap.
Bybit saw the number of XRP holders on the exchange double between November and May, as the price surged.
Over this period, the price went from $0.50 to $2.19, recording an incredible increase of 338%, thanks to the easing of tensions between the SEC and XRP's issuer , Ripple.
Another key moment was when Donald Trump declared that this token would be part of the US crypto reserves, although that project did not come to fruition.
Additionally, according to Polymarket , there is an 85% chance that an XRP ETF will be approved this year. This could generate billions of dollars in demand, attracting capital that would flow into Wall Street products.
Bloomberg analyst James Seyffart recently estimated an even higher probability, putting the odds at 95%.
In its survey, Bybit notes that the XRP ownership rate has risen from 1.29% to 2.42% in just six months, adding:
“The prevailing view in the crypto space is that a Ripple spot ETF is more likely to be approved than a Solana spot ETF. As such, we have seen a partial reallocation of capital from SOL to XRP by institutions.”
Bitcoin remains the most popular cryptocurrency by far
Bybit points out, however, that BTC remains by far the most popular digital asset among crypto investors. Almost a third of the assets held by the platform's customers, 30.95%, are allocated to Bitcoin.
Another emerging trend is the sharp increase in demand for Ether. In April 2025, accounts held only 3.89% of ETH, which more than doubled to 8.43% the following month.
It must be said, analysts point out, that the value is still far from the peak of 11.12% last November.
Another important data concerns Solana. The enthusiasm has collapsed and the drop in allocations in SOL is around 35% in six months. This drop is certainly linked to the bursting of the meme coin bubble .
Bybit’s report also covers the period when the platform was the victim of a $1.5 billion cyber attack attributed to North Korean hackers . The analysis also states:
“The concentration of BTC and ETH in October 2024 was 55.2%, which dropped to 48.2% in February 2025, before recovering to 58.8% in May 2025. Despite weak demand for ETH in Q1 2025, the concentration of BTC and ETH continued to grow, evidence of resilient investor demand for Bitcoin despite market volatility.”
One statistic puts Bitcoin’s popularity into perspective. For every dollar of ETH on Bybit, an investor tends to own $4 in BTC.
This data is in line with those of CoinMarketCap, which show the growth of Bitcoin's dominance from 53.2% to 64% in 12 months. In contrast, Ether's market share has halved, going from 18% to 9% in the same period.
There are clear signs of a clear difference between the strategies adopted by professional and individual investors.
“As of May 2025, retail traders continue to own a much lower share of Bitcoin and Ether than institutions with 11.64% versus 6.8%. Retail Bitcoin and Ether holdings are roughly half those of institutions throughout this period.”
This is not a surprising finding. Small investors tend to be exposed to altcoins, while institutions, due to regulations, are limited in what they can invest in. Another possible interpretation is that the “smart money” is betting on Bitcoin, while the small ones have not yet noticed.
Furthermore, the data suggests that the long-awaited “altseason” has been skipped or at least postponed. The percentage of ownership of minor cryptocurrencies has collapsed from 35.2% in November to 23.5% in May, “but meme coins, Layer 1 and DeFi tokens have held up better than other categories”. The same cannot be said for AI tokens, Bitcoin Layer 2, the GameFi sector and the NFT sector.
“When the rest of the market hits a new high (as it did in November 2024), it usually signals that altseason is coming. But when Bitcoin hit a new ATH in May 2025, altcoins didn’t follow, evidence that the May rally didn’t lead to broader bullish sentiment.”
Bybit’s report does a good job of summarizing the key themes of 2025 so far, and may offer some insight into what to expect for the rest of the year.
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