The variety of XRP holders virtually doubled between October 2024 and Could 2025, increasing from 1.29% to 2.42%, and Solana (SOL) It skilled opposition and fell 35% from 2.72% to 1.76%.

Bybit’s “H1 2025 Asset Allocation ReportThe rebalance stems from a shift in feelings as each retail and institutional traders started to help XRP over Solana.

XRP has gained momentum in latest months because it set the stage for funds traded on potential spot exchanges related to Ripple’s tokens, nearing the top of its long-standing authorized battle with the SEC.

Resulting from a change in sentiment, XRP has pushed its third largest cryptocurrency, following Bitcoin (BTC) and Ethereum (ETH) by market cap contraction. He overtook Solana in November 2024.

In January, XRP allocations registered the utmost proportion of the interval, accounting for five% of the entire. In the identical month, the token touched $3.31, making it the best value ever on January seventh, 2018.

ETF expectations have pushed pivots

The report linked allocation swings to Alternate-Traded Fund (ETF) expectations, noting that polymer merchants are assigning a 90% probability of approval by the top of 2025.

The redirection of SOL publicity to XRP added that it was not a transfer made solely by retail traders, simply because the establishments made the identical resolution earlier within the 12 months.

This survey targets lively merchants between October 2024 and Could 2025. Lively merchants had been those that executed not less than 20 trades a month.

Moreover, the report categorized contributors into establishments, VIPs and basic retail courses, monitoring pockets habits throughout market segments.

Bitcoin and Ethereum nonetheless govern

Stablecoin allocations additionally fell in Could as customers allotted contemporary capital to Bitcoin and Ethereum. Nevertheless, XRP maintained its expanded share.

The report highlighted that Bitcoin managed virtually 31% of its property, with the entire BTC and ETH reaching 58.8% of its unstable coin holdings in the identical month.

XRP advances, coupled with Solana’s retreat, cut back the time altcoin has given up on the bottom total to Bitcoin. Altcoin Share peaked at 35.22% in November 2024 and eased to 23.46% in Could 2025.

Lastly, merchants pulled out the Stablecoin stability from the bystanders and repositioned them in Could to BTC and ETH.

The establishment’s accounts have lowered Stablecoin’s share by 14% from April, resulting in about 6% to Bitcoin and Ether, and one level to Solana, with little remaining circulation.

The transfer overturned a defensive construct following the earlier market decline.

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