TLDR:
XRP whales accumulated 65.32M XRP worth nearly $72M in four days, according to Santiment’s whale data.
Bitcoin whales reduced holdings by over 34,000 BTC, worth $2.6B, as BTC dropped below $73,000 this week.
Ethereum whale wallets shed about 17,800 ETH worth $40M over the past week, according to Ali Charts.
Unlike BTC and ETH whale balances, XRP whale holdings recovered toward 4B tokens in Santiment charts.
Large cryptocurrency holders are taking different positions as BTC’s decline continues, with XRP whales increasing their balances while Bitcoin and Ethereum whales reduce theirs. Santiment charts shared by analyst Ali Martinez on November 10 show that large XRP holders added approximately 65.32 million tokens over four days, valued at nearly $72 million. By contrast, Bitcoin whales reduced holdings by more than 34,000 BTC, while Ethereum whales shed around 17,800 ETH during the previous week.
Bitcoin Whales Reduce Holdings as BTC Drops Below $73,000
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 shows a broadly consistent decline in the balances tracked, 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 sequence matters as accumulation during falling prices can sometimes absorb available supply. In this case, however, the tracked Bitcoin wallets were reducing their balances rather than increasing them. The figures do not establish which wallets sold on exchanges or why their holdings changed.
Ethereum Whales Trim Exposure as XRP Accumulation Accelerates
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 shows a less uniform pattern than Bitcoin’s.
Holdings rose early in the observed period, declined afterward and briefly recovered before the latest reading weakened again. Although both groups reduced exposure, their reported dollar changes differed substantially. Bitcoin’s $2.6 billion contraction was about 65 times Ethereum’s $40 million decline. Meanwhile, 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 shows balances recovering after a midperiod decline. Its final bar rises toward 4 billion XRP, the highest point in the displayed sequence, contrasting with Bitcoin’s falling bars.
What the Whale Divergence Means for Crypto Markets
These 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.
Basically, changes in wallet balances 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.
For now, 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.
