Heres Who Owns the Most XRP?
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Heres Who Owns the Most XRP?Coin trading platform
Ripple token is among the top cryptos of the market, and the XRP Rich List for June clearly explains the popularity, as 6.65 million accounts hold billions worth of tokens. Notably, in most cases, the top 100 wallets carry the majority of the token holdings, and the same holds true here as well. But Ripples XRP holdings dominate here, which often creates backlash as well.
Top Wallet Belongs to Ripple Per XRP Rich List June
XRP comes with a total supply of 100 billion, of which nearly 99.98 billion are available, with 14 billion burned. Another 35.99 billion tokens are in escrow and are managed with Smart Contracts. Notably, Ripple is the biggest XRP holder, with a total holding of 41 billion (4.56 billion + 35.99 billion escrow), accounting for 42% of the total supply. For the same reasons, investors often feared the centralization of the token.
XRPScan Rich List reveals that Ripples multiple wallets hold 5 billion XRP in escrow, bringing the total to 35.99 billion. The top Ripple wallets 9, 10, 11, 12, 13, and 28 alone represent 5% each. Additionally, 26 and 27 hold 500 million XRP each, representing 2.5% of % supply each.
Other Top Holders in XRP Rich List
After blockchains wallet, Bithumb, a prominent crypto exchange, holds the most XRP, totalling 1.62 billion (1.6% of the supply), followed by Binance with 1.51 billion tokens (1.5%). Other holders include Uphold, UPbit, bitbanks, and others, each holding 500M to 1B tokens.
Notably, in the top 20, only two trader wallets made their place. One (rLD5k) carries 767,685,236, and the other (rJ9Ey) has 713,000,015 tokens.
Interestingly, in mid-June, on-chain analytics platform Santiment reported that the XRPL is showing great signs of growth. As a result, the XRP addresses are interacting more, and whales are also active.
They note that over 2700 whale & shark wallets hold 1M tokens, which happened for the first time in 12 years.
Overall, Ripple leads the XRP holders race, followed by multiple exchange wallets.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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