Shocking Truth: Who’s Hoarding All the XRP? 😱💰

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Ah, the illustrious Ripple’s XRP token, that darling of the cryptocurrency world, has galloped forth with a staggering 600% increase in the last three months. One must ponder, amidst this dizzying rise, the pressing question: Who, pray tell, owns the most Ripple (XRP)?

It is a truth universally acknowledged that a token’s distribution must be as diverse as a well-stocked pantry, for concentration leads to the unfortunate reality where a single holder can whimsically manipulate the price at will. Understanding the ownership of XRP is akin to deciphering the Rosetta Stone for investors contemplating their long-term strategies in this digital gold rush. 🤑

In this delightful exposé, we shall meander through the landscape of XRP holders, the distribution of tokens, and the potential ramifications of such ownership in the future. Buckle up! 🎢

Overview of XRP holders

Ripple Labs, the grand architect behind the XRP token, is said to clutch a staggering 46 billion XRP in its greedy little hands. Meanwhile, Chris Larsen, the co-founder, is reportedly sitting on a modest pile of 5 billion XRP. And let us not forget the cryptocurrency exchanges, those bustling marketplaces, with Binance holding a princely sum of 1.83 billion tokens. Quite the merry band of hoarders, wouldn’t you agree?

As of January 24, 2025, XRP is trading at a tantalizing $3.16 per token, having flirted with highs of $3.18 and lows of $3.04. The 24-hour trading volume? A staggering $8.2 billion, contributing to a market capitalization that hovers around $182 billion. Quite the spectacle! 💸

How many people own XRP?

Ah, the anonymity of cryptocurrency transactions! It is a veritable cloak-and-dagger affair, making it nearly impossible to ascertain the true number of XRP holders. However, we can track the myriad wallet addresses that hold this elusive token.

According to the latest data from Bithomp, there are approximately 6,032,259 active XRP account holders, collectively hoarding a staggering 99,986,575,397 XRP. While these figures provide a rough estimate, the reality may be more convoluted, as many users possess multiple wallets, and some wallets belong to the ever-mysterious crypto exchanges. 🕵️‍♂️

Top XRP holders

According to the latest revelations from Coincarp, a whopping 41.04% of the XRP token supply is nestled comfortably within the top 10 wallets. The top 20 holders? They control a staggering 50.30% of the total supply. And if we venture further, the top 50 and top 100 wallets hold 63.71% and 71.74% respectively. Talk about a monopoly!

In the realm of centralized crypto exchanges, Upbit reigns supreme among XRP owners, clutching 4.37% of the total supply, followed closely by Binance with 1.31%, Bitbank with 0.58%, and Korbit with a meager 0.12%. Quite the hierarchy, wouldn’t you say? 👑

Distribution of XRP among holders

When we examine the distribution among XRP owners, we find that wallets containing between 1 million to 10 million XRP account for 6.42% of the total supply. Following closely are wallets holding between 100,000 to 1 million XRP, which hold 11.14%. Meanwhile, the smaller fry, those with 1,000 to 100,000 XRP, own 7.53% of the total supply. And let’s not forget the minuscule holders with 1,000 or fewer XRP tokens, who make up a mere blip on the radar, underscoring the dominance of the larger accounts. 🐋

Ripple Labs and XRP

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2025-01-25 03:09