A transition in the altcoin market between October 2024 and May 2025 has been highlighted with a notable rise in XRP ownership and a decrease in Solana holders, as observed in a report by Bybit. During this timeframe, the number of XRP investors almost doubled, while Solana enthusiasts saw a decline of 35%. This trend has been interpreted as a deliberate shift in portfolio preferences favoring XRP.
Why Are Investors Changing Their Choices?
Bybit’s report for early 2025 showed a rise in XRP investor share from 1.29% to 2.42%, while Solana backers dwindled from 2.72% to 1.76%. Such movements reflect an increased faith in XRP, bolstered by optimistic expectations. It appears that regulatory advancements have played a role in shaping these investment decisions.
The upcoming resolution of XRP’s ongoing court case with the SEC is seen as a catalyst boosting its appeal. Additionally, the buzz around a potential XRP-focused ETF has further attracted interest, thereby influencing strategic portfolio redistributions.
How Have Market Dynamics Shifted?
November 2024 witnessed XRP surpassing Solana in market value, claiming the number three spot. January 2025 saw XRP’s price peaking at $3.31, the highest since 2018. Although this high was short-lived, the allocation in portfolios soared to 5% in January but later stabilized at 2.42% by May.
Per Bybit, the January surge was primarily fueled by ETF speculations and prevailing market dynamics, indicating a trend where institutional investors are increasingly prioritizing XRP in their portfolios.
There is clear evidence of institutional investors reallocating assets from Solana to XRP. Analysis suggests this pivot is propelled by the possibility of an expedited XRP ETF approval compared to Solana’s. Also, June 2025 recorded more than 2,700 significant whale transactions in XRP accounts.
– XRP market cap exceeds Solana in late 2024.
– ETF speculations boost XRP’s price to $3.31 by early 2025.
– Significant whale activities intensify in June 2025.
– Anticipations of altcoin ETF approvals expected by year’s end.
The favorable sentiments surrounding XRP and potential altcoin ETFs continue to drive its demand. Expectations are high for multiple altcoin ETFs to receive approval by the close of 2025, further signaling XRP’s upward trajectory in investor portfolios.
