XRP whales holding between 10 million and 100 million tokens have amassed 3.17 billion XRP, marking their largest supply share in history. This accumulation, valued at $4.5 billion, began in October 2025 as the market downturn intensified. These whales now control 17.04% of the circulating XRP supply, up from 12.21% in October. The accumulation trend coincides with a broader market decline, with XRP's price dropping 61.2% from its July 2025 high of $3.66 to $1.42. Despite the bearish market, these whales have increased their holdings significantly, particularly between November 8 and 28, 2025, when they added 2.49 billion XRP. Meanwhile, smaller whales holding between 100,000 and 10 million tokens have distributed 3 billion XRP since October 2025, suggesting a possible redistribution of holdings.