Fun

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

News Feed - 2025-01-26 10:01:48

Este artículo también está disponible en español.


XRP, the native cryptocurrency of the Ripple network, has seen its price grow massively in recent months,allowing it to overtake many other large-market cap cryptocurrencies. At the time of writing, XRP is the third-largest crypto by market cap, and current buying trends suggest it might stay there for a while. 


As of January 25, 2025, the altcoin has a total supply of 100 billion tokens, with approximately 57.64 billion currently in circulation. Notably, a significant portion of this circulating supply is concentrated among a small number of wallets. Specifically, the top 10 addresses hold about 20.99% of the circulating supply, while the top 50 addresses control approximately 53.3%, which raises the question about the distribution of wealth in the ecosystem and who stands to benefit the most from the price rally. Top 20 Wallets And Their Dominance Over XRP Supply


The largest XRP holdings are primarily associated with Ripple Labs, its founders, and major cryptocurrency exchanges. In terms of numbers, data from Coincarpshows that out of the 4,840,747 addresses, the top 20 holders, the top 50 holders, and the top 100 holders hold 50.31%, 63.74%, and 71.76% of the circulating supply, respectively. Related Reading XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue 1 week ago


According to distribution data, Ripple Labs currently ownsaround 46 billion XRP tokens, although most are locked in escrow. These tokens are released periodicallyin pre-set amounts, limiting Ripple’s ability to freely access or manipulate the escrowed funds. Even with these restrictions, Ripple Labs holds a considerable amount of liquid XRP. Data from blockchain explorer Bithompindicates that one of Ripple’s wallet addresses alone contains over 1.3 billion XRP.


Also, Ripple Labs co-founder Chris Larsenis the largest individual holder of XRP, holding over 5 billion tokens, making him one of the wealthiest individuals in the ecosystem. Major exchanges like Binance and Uphold also manage significant reserves. For instance, one of Binance’s wallets holds over 1.3 billion XRP, accounting for approximately 1.33% of the circulating supply. South Korean-based crypto exchange Upbit also holds about 4.38% of the total supply, among a few other exchanges.  Holding Distribution: Anything To Fear?


These large-scale holdings by exchanges and Ripple-related entities paint a picture of an XRP ecosystem dominated by a relatively small group of stakeholders. However, when you think about it, these large holdings are not in the hands of any private company or individual that would potentially be at risk of manipulating the price for their benefit.  Related Reading XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board 2 weeks ago


Furthermore, the bulk held by exchanges represents aggregated assets belonging to thousands, if not millions, of individual users. As such, their concentration in exchanges does not pose any unnatural risk to the natural price dynamics for XRP.


At the time of writing, XRP is trading at $3.10, having recently reached a seven-year highof $3.38. XRP trading at $3.1 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Medium, chart from Tradingview.com

News Feed

Europe’s crypto industry can ‘sleep better at night’ with new parliament
Daniel Ramirez-Escudero9 hours agoEurope’s crypto industry can ‘sleep better at night’ with new parliamentThe European elections have formed a new EU Parliament that will rule for the next five years.1156 Total vie
US Court to hear proposed remedies from Terraform Labs, Do Kwon in May
Turner Wright2 hours agoUS Court to hear proposed remedies from Terraform Labs, Do Kwon in MayThe SEC proposed that Do Kwon and Terraform pay roughly $5.3 billion in disgorgement, prejudgment interest and civil penalties
Report: Deleted Files Indicate Crypto Lender Hodlnaut’s Execs Gave Little Weight to Terra Luna Exposure
Report: Deleted Files Indicate Crypto Lender Hodlnaut"s Execs Gave Little Weight to Terra Luna Exposure According to a report, the embattled crypto lender Hodlnaut saw a significan
Bitcoin’s Average and Median-Sized Network Fees Rose 40% Higher in March
Bitcoin"s Average and Median-Sized Network Fees Rose 40% Higher in March In March 2023, Bitcoin’s average and median-sized fees jumped more than 40% higher after rising 122%
Visa Files Trademark Applications Covering a Range of Cryptocurrency Products, Including Crypto Wallet
Visa Files Trademark Applications Covering a Range of Cryptocurrency Products, Including Crypto Wallet Payments giant Visa has filed two trademark applications covering a wide rang
Shares of Deutsche Bank, Other Euro Lenders Tumble
Shares of Deutsche Bank, Other Euro Lenders Tumble Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability
Cardano updates MiCA compliance indicators 6 months ahead of the curve
Savannah Fortis2 hours agoCardano updates MiCA compliance indicators 6 months ahead of the curveThe Cardano Foundation and CCRI release MiCA-compliant sustainability indicators in an effort to position Cardano ahead of t
AT&T Responds to Crypto Exec’s SIM Swap Suit: See You in Court
AT&T said it would fight allegations that it was negligent in a customer’s loss of $1.7 million in a SIM swap. The allegations come from Seth Shapiro, VideoCoin’s h
Broxus CEO Vlad Ponomarev on Everscale and Developing a Universal Bridge Mechanism
Broxus CEO Vlad Ponomarev on Everscale and Developing a Universal Bridge Mechanism Everscale is the most scalable network in DeFi. With the capacity to process over a million trans
Tom Mitchelhill3 minutes agoFriend.tech threatens to punish users if they use copycat appsFriend.tech warned users who choose to jump ship to “forks and copies” will see their existing points forfeited.9 Total viewsL
Tristan Greene5 hours agoLaw professor says blockchain tech could ‘revolutionize’ copyright officesAccording to the research, blockchain provides several game-changing benefits for intellectual property licensing and
Report Claims Visa and Mastercard Plan to Pause New Partnerships, Visa’s Head of Crypto Insists ‘Story Is Inaccurate’
Report Claims Visa and Mastercard Plan to Pause New Partnerships, Visa"s Head of Crypto Insists "Story Is Inaccurate" According to a recent report from sources familiar with the ma