XRP's holder base doubled from 1.29% to 2.42% from Oct 2024 to May 2025, while Solana saw a 35% drop from 2.72% to 1.76% during the same period.
XRP surged to US$3.31 in Jan 2025 driven by optimism around legal developments and possible ETF approval, becoming the third-largest cryptocurrency by market capitalization.
Investor sentiment favored XRP due to increasing confidence amid legal disputes and expectations of an XRP ETF approval before Solana.
Institutional players shifted capital from Solana to XRP ahead of potential ETF decisions, with XRP showing growth and maintenance of interest amidst market fluctuations.