"Unidentified whale ranks 2nd"...XRP 1.8% swept up, shaking the market while hiding its identity

▲ XRP (XRP), Whale/AI generated image

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

The Crypto Basic reported on May 4 (local time) that the wallet ranking 2nd in XRP holdings is controlled by a large investor whose identity remains unknown. 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.

While this wallet currently ranks 2nd, with a slight difference from Bithumb's wallet, the largest holder, market attention is focused on it because the owner's identity has not been confirmed at all. Among the top holders, entities like Binance and Uphold have clear identities, but this address alone remains completely anonymous.

This whale wallet is not merely holding but also actively moving assets. Recently, it transferred approximately 345 million XRP to various other addresses multiple times and has continued to show activity, including receiving additional large sums of money.

Notably, this wallet was confirmed to have rapidly grown in size since 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 now account for approximately 7% of the total supply, indicating an increasing concentration of supply.

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

Ultimately, the whale, which has amassed enormous quantities 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 if demand remains constant in a situation where supply is tightening, price volatility could increase further.

*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.*