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XRP, the native cryptocurrency of the Ripple network, has seen its price There has been a massive increase 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 trend There are suggestions that it may stay there for some time.
As of January 25, 2025, the total supply of altcoins is 100 billion tokens, of which approximately 57.64 billion are currently in circulation. Notably, a significant portion of this circulating supply is concentrated among a small number of wallets. Notably, the top 10 addresses hold approximately 20.99% of the circulating supply, while the top 50 addresses control approximately 53.3%, which raises questions about the distribution of wealth in the ecosystem and who benefits most from the price rally. Is.
Top 20 Wallets and Their Dominance on XRP Supply
The largest XRP holdings are primarily associated with Ripple Labs, its founders, and major cryptocurrency exchanges. In terms of numbers, Data from CoinCorp Shows that out of 4,840,747 addresses, the top 20 holders, top 50 holders, and top 100 holders hold 50.31%, 63.74%, and 71.76% of the circulating supply, respectively.
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According to distribution data, Currently owned by Ripple Labs There are approximately 46 billion XRP tokens, although most are locked in escrow. this token are issued from time to time Ripple’s ability to freely access or manipulate the frozen funds is limited, in pre-determined amounts. Even with these restrictions, Ripple Labs still has a significant amount of liquid XRP. data from Blockchain Explorer Bithomp indicates that one wallet address of Ripple alone contains more than 1.3 billion XRP.
Additionally, Ripple Labs Co-Founder Chris Larson is the largest individual holder of XRP, with 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 example, Binance has over 1.3 billion XRP in one wallet, which is about 1.33% of the circulating supply. South Korean-based crypto exchange Upbit also holds about 4.38% of the total supply, among some other exchanges.
Holding distribution: anything to fear?
These massive holdings by exchanges and Ripple-related entities paint a picture of an XRP ecosystem dominated by a relatively small stakeholder group. However, when you think about it, these large stakes are not in the hands of a private company or individual who would potentially take the risk of manipulating the price to their advantage.
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Furthermore, the bulk held by exchanges represents the total assets of thousands, if not millions, of individual users. Thus, their concentration in exchanges does not pose any unnatural risks to the natural price dynamics for XRP.
At the time of writing, XRP is trading at $3.10, Recently reached a seven-year high Of $3.38.
Featured image from Medium, chart from tradingview.com
