Ripple's XRP token, one of the world's most popular cryptocurrencies, has soared nearly 600 % in the last three months. It is important to deal with the following questions due to such a significant increase: Who owns the most ripple (XRP)?
As you know, concentration means that the token distribution must be diverse, as a majority of tokens can operate the price significantly in a major trading position. Understanding who has the most XRP can be the key to making a long -term buying and selling decision on this popular cryptocurrency for investors.
This article describes the number of XRP owners, the distribution of token owners, and the outline of the possibility that this ownership will occur in the future.
Overview of XRP holders
The Ripple Labs, the creator of the XRP token, has been reported to have the largest share of tokens to reach 46 billion XRP. CHRIS LARSEN, a co -founder of Ripple Labs, is reported to have 5 billion XRP. Large cryptocurrency exchanges also have a considerable amount of XRP, and Binance has 1.83 billion tokens.
As of January 24, 2025, the XRP is traded for about $ 3.16 per token. The cryptocurrency was $ 3.18 and the low price was $ 3.04. It has reached $ 8.2 billion for 24 hours, contributing to about $ 182 billion.
XRP 1D Chart | Source: Crypto.news
How many people have XRP?
It is almost impossible to calculate the number of XRP holders due to the anonymity of cryptocurrency transactions on the blockchain network. However, it is possible to track multiple wallet addresses holding this token.
According to the latest data collected by Bithomp, the number of active XRP accounts is about 6,032,259, holding a total of 99,986,575,397 XRP. These figures provide the estimated values of the XRP holder's, but many users have multiple wallets and some wallets belong to many virtual currency exchanges, so the actual numbers are actual. It may be different.
Top XRP holder
According to Coincarp's latest data, 41.04% of the XRP token supply is retained by the top 10 wallets. On the other hand, the top 20 owners own 50.30% of the total salary, and for the top 50 companies and the top 100 companies, they own 63.71% and 71.74% of the total supply.
For intensive cryptocurrency exchanges, Upbit is 4.37% of the total supply, which is the leader of the XRP owner, then Binance is 1.31%, Bitbank is 0.58%, and KORBIT is 0.12%.
XRP distribution between holders
Looking at the distribution of XRP owners, you can see that a wallet in the 10 million to 10 million XRP accounts for 6.42%of the total XRP supply. Following this, a 100,000 to 1 million XRP wallet holds 11.14%, and a small XRP holder of 1,000 to 100,000XRP owns 7.53%of the total supply. On the other hand, the owner with an XRP token of 1000 or less is small in the total supply of XRP tokens, emphasizing the advantage of large -scale accounts in this token.
Ripple Labs and XRP ownership
Ripple Labs, established in 2012, is the founder of XRP focusing on real -time payment solutions. The main product is known as a ripple net, and is a technology used by major institutions to pay over borders. Ripple Labs holds the largest share of XRP tokens, reaching the 46 billion XRP token, but most of them are locked regularly to the Escro to be released to effectively manage tokens. 。
This large -scale ownership certainly promotes the growth of the ecosystem, but also indicates that the supply of tokens is concentrated, which is contrary to the core principle of blockchain technology.
Impact of XRP ownership distribution
As mentioned above, a small number of subjects hold a considerable part of the XRP token supply, and the top 20 holders dominate 50.53% of the total supply. In early stage, many cryptocurrencies are generally concentrated on a small number of holders, but it is not particularly good in terms of price stability and market movements.
If a major holder sells XRP in a short period of time, it may have a significant impact on the token price, and more importantly, the reputation of the project can be permanently damaged. It is recommended that you conduct a survey before investing in the token, and to check the token nomics, total supply, and token owners.
