XRP Wallets Hit a Record 8.24 Million as the Crypto Market Holds $2.75 Trillion

October 27, 2026 MM Crypto Team

XRP Wallets Reach a New All-Time High

The number of wallets holding XRP with a non-zero balance has reached a new all-time high of 8.24 million, according to data from Santiment. The milestone is a quiet but significant one. Wallet counts are not as exciting as price charts, but they are one of the best measures of whether a cryptocurrency is actually being adopted. A wallet with a non-zero balance means someone holds the asset, whether they bought it yesterday or years ago, and whether they use it every day or simply keep it as an investment. When that number climbs to a record, it means more people than ever before hold XRP. The growth has come during a period when the wider crypto market has been flat, which makes the milestone more interesting. Prices may be going nowhere, but the holder base is still expanding, and that suggests that interest in XRP is not fading with the market’s momentum. For a cryptocurrency that has been through years of legal battles and market cycles, reaching a record number of holders is a sign of resilience.

What 8.24 Million Wallets Really Means

A record wallet count does not automatically mean the price will rise, and it is worth being clear about what the number does and does not tell us. Wallet growth measures adoption and distribution, not demand in the short term. Many of those wallets may hold tiny amounts, and some may belong to the same person, but the trend still matters. A growing holder base means the asset is reaching more people, and a wider distribution of holders tends to make a market more stable, because no single holder can move the price as easily. It also suggests that XRP’s appeal extends beyond speculators. The token has long been associated with cross-border payments, and its holder growth may reflect interest from people who see it as a practical tool rather than just a trade. The record also stands out because it has been achieved while Bitcoin has been falling for a fourth consecutive week. When the market leader is weak, smaller assets often lose holders. XRP is doing the opposite, and that divergence is worth noting.

A Flat Market at $2.75 Trillion

The total crypto market capitalisation stands at $2.75 trillion, with the overall market remaining relatively flat. The headline number hides a market that is drifting rather than trending. Bitcoin’s price has declined by 0.04 percent in the past 24 hours, while Ethereum is down 0.17 percent. Bitcoin dominance stands at 58.5 percent, which means the largest cryptocurrency still accounts for well over half of the total value of the crypto market. When dominance is high and rising, it usually means investors are favouring Bitcoin over smaller assets, treating it as the safer option in uncertain times. A flat market at $2.75 trillion is not a crisis, but it is not a bull run either. It is a market waiting for a catalyst, and the wait has now stretched into a fourth week of declines for Bitcoin. The Fear and Greed Index stands at 48, in neutral territory, which captures the mood well: neither fear nor greed is in control.

Bitcoin’s Fourth Week of Declines

Bitcoin is now falling for a fourth week in a row, a stretch of weakness that has tested the patience of holders. The declines have not been dramatic on any single day, and the past 24 hours saw only a 0.04 percent slip, but the cumulative effect of four weeks of lower prices is real. The market is consolidating, with buyers unwilling to push prices higher and sellers not yet aggressive enough to force a sharp drop. Part of the explanation is the calendar. Investors are waiting for the Federal Reserve’s policy decision, and until that is out of the way, many are content to sit on the sidelines. The question is whether the fourth week of declines turns into a fifth, or whether the market finds a floor and starts to rebuild. The answer is likely to depend on the Fed, on ETF flows, and on whether the broader risk appetite that lifted equities this week eventually reaches crypto.

Bitcoin ETF Inflows Return

There is a bright spot in the Bitcoin data. Inflows into US spot Bitcoin exchange-traded funds have resumed after two weeks of outflows, totalling $304.7 million for the week. ETF flows are one of the most watched indicators in the crypto market, because they show what institutional and mainstream investors are doing with real money. Two weeks of outflows had raised questions about whether the appetite for Bitcoin ETFs was fading, but the return of inflows suggests that the pause was temporary. A single week of $304.7 million in inflows is not enough to declare a new trend, but it is a positive sign, and it comes at a time when the market needs one. ETF inflows matter because they represent new money entering the market through regulated channels, and they tend to be stickier than the fast-moving capital that trades on exchanges. If the inflows continue in the coming weeks, they could provide the support Bitcoin needs to end its run of weekly declines.

Ethereum ETF Outflows Slow Down

The picture for Ethereum is more mixed. Outflows from US spot Ethereum ETFs continued for a fourth consecutive week, but they slowed to $220.6 million for the week. The slowdown is meaningful. Four weeks of outflows is a clear sign that investors have been pulling money from Ethereum ETFs, but the fact that the pace is easing suggests the selling may be running its course. Ethereum’s price is down 0.17 percent in the past 24 hours, a small move that fits with the broader flat market. The contrast between Bitcoin and Ethereum ETF flows is striking. Bitcoin is seeing money return, while Ethereum is still seeing money leave, albeit more slowly. The difference may reflect the two assets’ roles in the market. Bitcoin is treated as the default crypto allocation, the first asset investors buy when they want exposure to the sector. Ethereum, by contrast, is judged more on its own fundamentals, including the health of its ecosystem and the performance of decentralised finance. Until Ethereum’s story improves, its ETF flows may continue to lag Bitcoin’s.

DeFi Pulls Back, per TLT

The decentralised finance sector has also been under pressure. Per TLT, the DeFi sector as measured by Forward TVL decreased 4.6 percent over the past week. The decline fits with the broader picture of a market that is consolidating rather than growing. When prices are flat and sentiment is neutral, activity in DeFi tends to slow, and the total value locked in protocols can fall as users withdraw funds or as the value of the assets locked in those protocols declines. The 4.6 percent weekly drop is a notable move, but it should be read in context. DeFi has been through much larger swings in the past, and a single week’s decline does not necessarily signal a deeper problem. The DeFi sector will be worth watching in the coming weeks to see whether the decline continues or reverses as the market finds its footing.

Sentiment Stuck in Neutral

The Fear and Greed Index stands at 48, firmly in neutral territory. The index is a composite of market indicators designed to capture whether investors are driven by fear or by greed, and a reading of 48 means neither emotion is dominant. Neutral sentiment is the natural companion of a flat market. When prices are not moving much, there is little to be afraid of and little to be greedy about. The index had been at 50 previously, so the small decline to 48 reflects the market’s gentle drift lower. The market is coiled, waiting for a reason to move, and the Fed decision is the most obvious candidate. Until then, the combination of a flat market, neutral sentiment, and a record number of XRP holders paints a picture of a sector that is consolidating and quietly building, rather than booming or busting.

What Comes Next for the Market

The week ahead will test whether the crypto market can break out of its holding pattern. The Federal Reserve’s policy decision is the main event, and its tone on future rate cuts could set the direction for risk assets into the end of the year. Bitcoin ETF inflows will be watched closely to see whether the return of $304.7 million in a single week becomes a trend. Ethereum’s outflows, which have now run for four weeks, will be watched too, to see whether the slowdown to $220.6 million continues and eventually turns into inflows. XRP’s record wallet count is a reminder that adoption does not stop when prices do, and it will be interesting to see whether the growing holder base translates into price support if the market turns. The DeFi sector, down 4.6 percent in a week per TLT, will need to show signs of stabilisation. For now, the market is flat at $2.75 trillion, Bitcoin is down for a fourth week, and sentiment is neutral. The ingredients for a move are all in place. What is missing is the spark.

FAQ

How many wallets hold XRP? According to Santiment, the number of wallets holding XRP with a non-zero balance has reached a new all-time high of 8.24 million.

What is the total crypto market cap? The total crypto market capitalisation stands at $2.75 trillion, with the overall market remaining relatively flat.

How are Bitcoin and Ethereum performing? Bitcoin is down 0.04% in the past 24 hours and falling for a fourth week in a row, while Ethereum is down 0.17% in the past 24 hours.

Are Bitcoin ETF inflows returning? Yes, inflows into US spot Bitcoin ETFs resumed after two weeks of outflows, totalling $304.7 million for the week.

What is happening with Ethereum ETFs? Outflows from US spot Ethereum ETFs continued for a fourth consecutive week but slowed to $220.6 million for the week.

Source: FXStreet

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