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Top 20 Wallets Control Over 50% Of Supply, But Who’s Number 1?

January 26, 2025
in Crypto/Coins
Reading Time: 3 mins read
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Este artículo también está disponible en español.

XRP, the native cryptocurrency of the Ripple community, has seen its value develop massively in current months, permitting it to overhaul many different large-market cap cryptocurrencies. On the time of writing, XRP is the third-largest crypto by market cap, and present shopping for developments counsel it would keep there for some time. 

As of January 25, 2025, the altcoin has a complete provide of 100 billion tokens, with roughly 57.64 billion at the moment in circulation. Notably, a good portion of this circulating provide is concentrated amongst a small variety of wallets. Particularly, the highest 10 addresses maintain about 20.99% of the circulating provide, whereas the highest 50 addresses management roughly 53.3%, which raises the query concerning the distribution of wealth within the ecosystem and who stands to profit probably the most from the value rally.

High 20 Wallets And Their Dominance Over XRP Provide

The biggest XRP holdings are primarily related to Ripple Labs, its founders, and main cryptocurrency exchanges. By way of numbers, knowledge from Coincarp exhibits that out of the 4,840,747 addresses, the highest 20 holders, the highest 50 holders, and the highest 100 holders maintain 50.31%, 63.74%, and 71.76% of the circulating provide, respectively.

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In keeping with distribution knowledge, Ripple Labs at the moment owns round 46 billion XRP tokens, though most are locked in escrow. These tokens are launched periodically in pre-set quantities, limiting Ripple’s skill to freely entry or manipulate the escrowed funds. Even with these restrictions, Ripple Labs holds a substantial quantity of liquid XRP. Knowledge from blockchain explorer Bithomp signifies that certainly one of Ripple’s pockets addresses alone incorporates over 1.3 billion XRP.

Additionally, Ripple Labs co-founder Chris Larsen is the biggest particular person holder of XRP, holding over 5 billion tokens, making him one of many wealthiest people within the ecosystem. Main exchanges like Binance and Uphold additionally handle vital reserves. As an example, certainly one of Binance’s wallets holds over 1.3 billion XRP, accounting for about 1.33% of the circulating provide. South Korean-based crypto alternate Upbit additionally holds about 4.38% of the whole provide, amongst just a few different exchanges. 

Holding Distribution: Something To Worry?

These large-scale holdings by exchanges and Ripple-related entities paint an image of an XRP ecosystem dominated by a comparatively small group of stakeholders. Nevertheless, when you consider it, these giant holdings are usually not within the palms of any personal firm or particular person that might doubtlessly be susceptible to manipulating the value for his or her profit. 

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Moreover, the majority held by exchanges represents aggregated belongings belonging to 1000’s, if not hundreds of thousands, of particular person customers. As such, their focus in exchanges doesn’t pose any unnatural danger to the pure value dynamics for XRP.

On the time of writing, XRP is buying and selling at $3.10, having lately reached a seven-year excessive of $3.38.

XRP
XRP buying and selling at $3.1 on the 1D chart | Supply: XRPUSDT on Tradingview.com

Featured picture from Medium, chart from Tradingview.com

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Tags: BinanceBlockchain Explorer BithompCoincarpcontrolNumberRippleSupplyTopUpbitWalletsWhosxrpXRP Ecosystemxrp newsXRP PriceXRPUSDxrpusdt
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