Santiment Intelligence reported that the number of XRP wallets holding at least 1 million tokens increased by 32 wallets over the past three months.

This growth in the number of wallets occurred alongside a 29% decline in XRP's market capitalization.

"The group of XRP Ledger wallets with 1 million XRP or more has grown by 32 wallets in three months," Santiment wrote via its official X account. $XRP