XRP Adoption Surges, Surpassing Solana in Holder Count

XRP adoption has seen a significant upswing recently, with the number of token holders nearly doubling in just six months. This growing momentum has pushed XRP ahead of Solana in total holder counts, underlining a shift in investor sentiment and stirring fresh enthusiasm within the Ripple community.

Between October 2024 and May 2025, XRP’s holder percentage rose from 1.29% to 2.42%, according to Bybit’s H1 2025 Asset Allocation Report. Over the same period, Solana’s holder base fell from 2.72% down to 1.76%, signaling a notable reallocation of capital in the cryptocurrency market. This data confirms that not only has XRP appealed to more users, but the token has also resonated equally with both institutional and retail investors.

The report attributes this reallocation largely to a wave of positive sentiment surrounding XRP. Key to this renewed interest has been the widely publicized legal battle with the U.S. Securities and Exchange Commission (SEC), which appears to be nearing resolution. As speculation around a potential spot exchange-traded fund (ETF) for Ripple’s token grows, investors are increasingly optimistic about XRP’s long-term prospects.

Back in November 2024, XRP overtook Solana in market cap rankings, becoming the third-largest asset behind Bitcoin and Ethereum. This jump was bolstered further at the beginning of 2025, when XRP allocations hit a notable milestone—representing 5% of total portfolio holdings during a period when the token’s value climbed to $3.31, marking its highest level since January 2018.

A major factor behind this pivot is the rising anticipation surrounding a potential XRP ETF. Speculators on Polymarket currently assign a 90% likelihood of ETF approval by the end of 2025. This optimism has fueled a broad-based surge in XRP accumulation across various investor categories. Notably, this includes structured moves by institutional players who, alongside retail users and VIP clients, were tracked by differentiations in wallet behavior within the report.

While XRP was breaking new ground, Solana faced waning enthusiasm, which contributed to a noticeable decline in allocation. The general movement reflected a broader trend where altcoins saw their total market share decrease—from a peak of 35.22% in November 2024 to just 23.46% by May 2025. XRP, however, held its ground in the altcoin landscape and managed to grow its presence despite the overall market contraction.

In parallel, both Bitcoin and Ethereum remained dominant in investor preferences. In May 2025 alone, Bitcoin accounted for nearly 31% of non-stablecoin holdings. When combined with Ethereum, the two powerhouses represented 58.8% of allocations, clearly maintaining their leading status within the crypto ecosystem.

Notably, as investor confidence rebounded, capital initially parked in stablecoins was redirected back into digital assets. Institutional investors led this charge, reducing their stablecoin exposure by 14%. They allocated approximately 6% each into Bitcoin and Ethereum and funneled a minor share to Solana, with the remainder dispersed among various altcoins—including XRP, which retained a solid foothold.

This renewed activity marks a clear departure from previous defensive strategies employed during market volatility. The bold redeployment of funds into XRP and other major assets suggests a broader confidence in the market’s direction and XRP’s role in its evolving trajectory.

As the first half of 2025 concludes, XRP stands on solid ground—not just as one of the top cryptocurrencies by market capitalization, but also as one of the most actively held and increasingly institutionalized assets in the space.

For those closely watching Ripple’s developments and the broader crypto trends, XRP’s robust growth trajectory and evolving position among investors signal its transition from a speculative asset to a more widely accepted financial instrument.

Related: Expert Advice: Sell XRP If You’re Confused

Learn more about XRP, Solana, Bitcoin, Ethereum, Bybit, and Ripple.