XRP Rich List: Distribution of XRP Coins Among Top Holders
Ripple’s native token, XRP, remains popular among investors as on-chain data shows an increase in the number of addresses in the top 0.01% that hold at least 5.75 million XRP. The number of millionaire addresses, however, has declined.
Top 10 Addresses Hold 11% of XRP Coins
Out of the more than 59 billion XRP coins in circulation, the top 10 largest addresses on the XRP rich list control approximately 11% of all XRP coins. This amounts to over $4 billion at current market prices. The top 50 largest XRP holders have control over 26.24% of XRP’s total circulation, equivalent to more than $10 billion.
Lion’s Share Held by Ripple and Executives
The majority of XRP coins are held by Ripple, Executive Chairman Chris Larsen, and CEO Brad Garlinghouse. Crypto exchanges such as Binance, Kraken, Uphold, and Bitbank also hold significant amounts of XRP.
Top 10 Largest XRP Holders in 2023
The table provided displays the ten largest XRP addresses in 2023. One of Ripple’s addresses holds around 1.96 billion XRP coins in a single wallet, making it the largest holder. The second-largest address is also associated with Ripple.
XRP Coins Held by Centralized Exchanges
XRP coins held by centralized exchanges are typically customer deposits kept in reserves. Binance alone holds 168 million XRP in its top 10 addresses, accounting for over 60% of the total supply of the coin’s BEP20 variety.
XRP’s Pre-Mined Supply
Unlike most cryptocurrencies, XRP is pre-mined, with a total supply limited to 100 billion coins. Ripple’s co-founders initially received 20 billion XRP. Jed McCaleb, who left the company in 2014, has since sold all his XRP holdings. However, other co-founders still hold a significant amount of XRP.
Hot Take: Strong Demand for XRP as Distribution Among Top Holders Evolves
The distribution of XRP among top holders continues to evolve, with addresses in the top 0.01% seeing an increase while millionaire addresses decline. This indicates strong demand for XRP among investors. Ripple and its executives, along with major exchanges, hold a significant portion of the coin’s supply. As XRP remains popular in the crypto market, it will be interesting to see how the distribution landscape evolves in the future.
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