Ripple (XRP) Overtakes Solana (SOL) in Token Holders
Date: 2025-06-26 Author: Henry Casey Categories: CRYPTO PAYMENTS
From October 2024 to May 2025, the number of Ripple (XRP) holders almost doubled - from 1.29% to 2.42%, which allowed the token to overtake Solana (SOL) in popularity. According to Bybit's report for the first half of 2025, it was this change in investor distribution that became the key factor in the market.
At the same time, the number of Solana owners decreased - from 2.72% in November 2024 to 1.76% by May 2025. Experts attribute this to the fact that many investors are refocusing from SOL to XRP, guided by hopes for the imminent approval of a spot ETF based on Ripple. Such a financial instrument is considered more likely for XRP than for Solana in the crypto environment, which attracts institutional investors.
XRP ownership dynamics are closely linked to token price fluctuations: in the short term, the number of holders can change dramatically, but overall the trend remains upward. This reflects the growing interest in XRP as a promising altcoin amid uncertainty in the cryptocurrency market.
In addition, there is a general shift in emphasis among retail investors: more and more traders are abandoning Bitcoin in favor of altcoins, including XRP, which promise higher returns. Bybit analysis showed that in the six months from November 2024 to May 2025, retail holders began to hold less BTC, often exchanging them for altcoins and increasing the volume of stablecoins. At the same time, institutional investments in Bitcoin remain stable.
Thus, a new picture is emerging in the crypto market: large investors continue to support BTC, and retail investors are increasingly switching to alternative coins with growth potential. In this context, Ripple is receiving an additional boost thanks to the expected launch of a spot ETF, which ultimately strengthens XRP's position among cryptocurrencies with a wide base of holders.
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