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📌 XRP Rich List: the top 20 wallets control over 50% of the supply, but who is number one?

This article is available in Spanish. Xrp

– This article is available in Spanish.

XRP, the native cryptocurrency of the Ripple network, has risen significantly in value over the past few months and is on track to overtake many other large market capitalization cryptocurrencies. At the time of writing, XRP is the third largest cryptocurrency by market capitalization, and current buying trends suggest that it may remain so for some time to come.

As of January 25, 2025, the total supply of this altcoin is 100 billion tokens, of which approximately 57.6 billion 40 million tokens are currently in circulation. Notably, most of this circulation is concentrated in a small number of wallets. Specifically, the top 10 addresses account for about 20.99% of the volume in circulation, while the top 50 addresses control about 53.3% . This raises questions about the distribution of wealth in the ecosystem and who will benefit the most from rising prices.

The largest holders of XRP are mainly Ripple Labs, its founders and major cryptocurrency exchanges. Coincarp’s According to the data, out of 4,840,747 addresses, the top 20, top 50 and top 100 hold 50.31% , 63.74% and 71.76% of the total volume in circulation respectively.

According to the distribution data, Ripple Labs currently holds around 46 billion XRP tokens but most of them are locked in escrow. These tokens are issued in fixed quantities on a regular basis, which limits Ripple’s ability to freely access and manipulate escrow funds. Despite these limitations, Ripple Labs still holds a significant amount of liquid XRP. According to blockchain researcher Bithomp, Ripple holds more than 1.3 billion XRP in one of its wallet addresses alone.

Moreover, Chris Larsen, co-founder of Ripple Labs, is the largest individual holder of XRP with over 5 billion tokens and is one of the richest people in the ecosystem.

Major exchanges such as Binance and Uphold also hold significant reserves. For example, one of Binance’s wallets holds over 1.3 billion XRP, which is equivalent to about 1.33% of the total in circulation. South Korean cryptocurrency exchange Upbit also holds approximately 4.38% of the total supply, along with several other exchanges.

Distribution of holdings: what to watch out for.

the large holdings of these exchanges and Ripple-related organizations are dominated by a relatively small number of stakeholders. depicts an XRP ecosystem dominated by a relatively small number of stakeholders. However, a closer look reveals that these large holdings are not in the hands of private companies or individuals who can manipulate the price in their favor

Moreover, most of the shares held on exchanges are owned by thousands, if not millions, of individual users. They represent a pool of assets. Thus, concentration on exchanges poses no unnatural risk to the natural price dynamics of XRP.

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