XRP Sees Record Whale Activity and Daily Users as Institutional Momentum Grows - Crypto Economy

TL;DR

• More than 2,700 wallets holding at least 1 million XRP mark a historic record, reflecting growing confidence from large investors.
• Daily active addresses surpassed 295,000, signaling a significant increase in XRP Ledger usage.
• Institutional momentum accelerates rapidly with a Canadian ETF launch, integration with the Lace wallet, and the inclusion of XRP in corporate crypto treasuries.

In June, the XRP ecosystem experienced a notable surge in key metrics. According to data from Santiment, daily active addresses exceeded 295,000, well above the 35,000 to 40,000 average seen over the past three months. This sharp rise suggests broader usage of the XRP Ledger, driven by both retail participants and financially motivated players. The rising activity indicates that interest now comes not just from traders, but also from institutional entities using XRP for liquidity and cross-border transfers.

At the same time, the number of wallets holding at least 1 million XRP has reached 2,700 for the first time in the asset’s 12-year history. Each of these wallets holds roughly $2.25 million in value. This growth reflects increasing trust from institutional and high-net-worth investors, especially while other cryptocurrencies continue to see capital outflows. Adding to this, over $11 million in net inflows entered XRP investment products during the last week alone.

Institutional Growth and New Integrations Strengthen XRP’s Outlook

Canada will launch its first XRP ETF, managed by Purpose Investments, on June 18, 2025. This development complements XRP’s integration with the Lace wallet, built by developers from the Cardano ecosystem, and the growing interest in using Ripple’s RLUSD stablecoin for emerging DeFi products. There are also ongoing efforts to build bridges between Ethereum and the XRP Ledger, which could support interoperability and improve overall ecosystem liquidity.

Public companies like Worksport and VivoPower have already added XRP to their strategic reserve holdings. Additionally, market experts such as Fabian Dori, Chief Investment Officer at Sygnum Bank, point to clear signs of institutional readiness, citing the upcoming launch of XRP futures on the CME and potential ETF approvals for both XRP and Solana.

However, some indicators still show room for improvement. Total value locked (TVL) on the XRP Ledger remains around $60 million, and decentralized exchange volumes rarely exceed $100,000 per day, according to DeFiLlama. While XRP’s current role in DeFi is still limited, the ongoing developments suggest it may soon expand significantly with new capital inflows and innovative DeFi applications built on XRPL, driving further adoption.