XRP has demonstrated stronger investor appeal than Solana during the first half of the year, despite both assets witnessing declines in wallet holder ratios. The resilience is fueled by rising institutional confidence and heightened anticipation surrounding a potential Ripple spot ETF approval.
XRP’s holder ratio—measuring wallets holding the asset against total active crypto wallets—peaked at 5% early in the year before settling at 2.42% by spring, reflecting price-driven fluctuations. Nevertheless, it doubled from October’s 1.29% baseline. In contrast, Solana’s ratio slid steadily from 2.72% in November to 1.76% over the same timeframe, indicating a notable migration of investor preference toward XRP.
The divergence stems largely from intensifying institutional bets on a Ripple spot ETF gaining regulatory approval ahead of Solana’s equivalent. Whale wallets holding XRP surged past 2,700 this month, marking a historic 12-year high. Market analysts attribute this accumulation to growing bullish sentiment, as institutional portfolios increasingly pivot toward altcoins like XRP for growth potential while bolstering stablecoin allocations for stability.