XRP, New Accounts Surge 400%...Is It a Secret Move by Whales?

▲ XRP, Cryptocurrency Whale/AI Generated Image

Expectations for the expansion of the XRP ecosystem are growing as key on-chain indicators showing network growth have surged vertically in a short period.

According to the cryptocurrency media outlet U.Today on September 24 (local time), data compiled by the blockchain data platform XRPScan shows that 11,432 new accounts were activated on the XRP Ledger in September. This is more than a four-fold increase compared to the usual 30-day average of approximately 2,700 new account creations, representing a surge of about 323% above the baseline. Some indicators even show the number of newly created accounts increasing by 245.1% in just 24 hours, indicating a rapid acceleration in network activity.

For an account to be activated in the XRP Ledger ecosystem, a payment of a certain amount or more must be made to an unused valid address, and it must be registered in the underlying database. Therefore, a surge in newly activated accounts means network entry accompanied by actual fund flows, beyond a mere increase in views. However, the 11,432 accounts recorded this time are still below the past all-time high of 30,600 or the peak of approximately 15,000 recorded in early 2026.

Market experts are raising various possibilities regarding the background of this surge in account numbers. Major reasons cited include internal infrastructure reorganization or wallet migration work by virtual asset exchanges, user influx into new decentralized applications, or speculative activities aimed at short-term price volatility. However, no specific company's service launch or large-scale migration schedule has been officially confirmed to date.

While it cannot be concluded that an increase in accounts directly leads to an increase in XRP demand, the rebound in network participation from a low point is considered a positive sign. The market is paying close attention to whether the trend of new wallet creation will continue amid short-term liquidity fluctuations, potentially leading to a strengthening of the ecosystem's fundamental health.

[Article Key Summary]

-11,432 new accounts were activated on the XRP Ledger in September, a more than four-fold increase compared to the usual 30-day average.

-The surge in new accounts signals an acceleration in network activity, but specific causes such as a particular project launch or corporate migration have not been confirmed.

-While an increase in wallets does not guarantee an immediate price increase, the rebound in previously stagnant on-chain participation is attracting market attention.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*