Large XRP holders added about 65.32 million tokens over four days, valued at nearly $72 million, while Bitcoin and Ethereum whale wallets reduced their balances, according to Santiment charts shared by analyst Ali Martinez on November 10.
The three assets showed different short-term holding patterns among the large wallet groups tracked. The XRP increase came as Bitcoin and Ethereum large holders cut exposure over roughly one week.
Bitcoin whales reduce holdings
Bitcoin recorded the largest reduction by dollar value among the three assets. Martinez reported that whale holdings declined by more than 34,000 BTC, worth roughly $2.6 billion, as the cryptocurrency fell from $79,000 to below $73,000.
The accompanying Santiment chart showed a broadly consistent decline in tracked balances, with the latest reading near 5.24 million BTC. Earlier bars were closer to 5.28 million BTC, indicating that large-holder exposure contracted alongside the price.
The figures do not establish which wallets sold on exchanges or why their holdings changed. The source data also does not show that the tracked Bitcoin wallets were adding to balances during the price decline.
Ethereum and XRP move in opposite directions
Ethereum recorded a smaller reduction. Martinez said large holders shed approximately 17,800 ETH over seven days, equivalent to around $40 million at the prices used in his analysis. Its Santiment chart showed a less uniform pattern than Bitcoin’s: holdings rose early in the observed period, declined afterward, briefly recovered and then weakened again at the latest reading.
Although both Bitcoin and Ethereum groups reduced exposure, their reported dollar changes differed substantially. Bitcoin’s $2.6 billion contraction was about 65 times Ethereum’s $40 million decline.
XRP moved in the opposite direction. According to the same analysis, whale wallets accumulated 65.32 million XRP over four days, bringing the value of the increase to almost $72 million. The XRP chart showed balances recovering after a midperiod decline. Its final bar rose toward 4 billion XRP, the highest point in the displayed sequence, contrasting with Bitcoin’s falling bars.
What the divergence shows
The movements indicate different short-term holding patterns among the wallet groups tracked for each cryptocurrency. They do not prove that funds withdrawn from Bitcoin or Ethereum were transferred into XRP.
Wallet balance changes can reflect purchases, sales or transfers, while the charts alone cannot identify investor intentions. The monitoring windows also differ: four days for XRP versus roughly one week for Bitcoin and Ethereum.
The reported data documents XRP whale accumulation occurring alongside reductions in Bitcoin and Ethereum holdings, without establishing whether that divergence will persist or affect prices.
