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Ripple’s native token, XRP continues to see robust demand amongst buyers, as addresses within the prime 0.01% — wallets holding not less than 5.75 million XRP — soar to 486 whereas millionaire addresses decline to 1,970, on-chain knowledge reveals.

Top 10 Addresses On The XRP Rich List Hold 11% Of All XRP Coins In Circulation

As of December 25, there have been greater than 59 billion XRP cash in circulation, with the token’s market capitalization standing at roughly $34.44 billion. 

According to knowledge from XRP Scan, the highest 10 largest addresses on the XRP wealthy checklist control about 11% of all XRP cash at present in circulation, value greater than $4 billion at present market costs. Meanwhile, the highest  50 largest XRP holders management greater than 26.24% of XRP’s whole circulation, amounting to over $10 billion.

XRP Distribution: Top 10 Largest XRP Holders By Percentage

The lion’s share of XRP cash is held by Ripple, Executive Chairman Chris Larsen, and CEO Brad Garlinghouse, each of whom have been cleared of all prices by the US Securities and Exchange Commission (SEC) in October. It’s value mentioning that crypto exchanges, akin to Binance, Kraken, Uphold, and Bitbank additionally maintain vital quantities of XRP.

Here’s a listing of the ten largest XRP addresses in 2023:

The desk above reveals that one in every of Ripple’s addresses holds about 1.96 billion XRP cash in a single pockets, making it the most important XRP holder. The second largest handle can also be a pockets related to Ripple. 

XRP cash held by centralized exchanges are sometimes buyer deposits stored in reserves. For occasion, Binance is without doubt one of the largest XRP holders. The prime 10 addresses on the BNB chain alone maintain 168 million XRP, accounting for over 60% of the overall XRP provide of the coin’s BEP20 selection.

Unlike most cryptocurrencies, XRP is pre-mined, with the overall provide of XRP cash restricted to 100 billion. When the undertaking initially launched, Ripple co-founders, Chris Larsen, Jed McCaleb, and Arthur Brito acquired 20 billion XRP. Jed give up the corporate again in 2014 and has offloaded his total XRP holdings since. However, different co-founders are nonetheless holding on to most of their XRP.

Larsen is reportedly one of many largest holders with over 5 billion XRP. At least 5 addresses, cumulatively holding 2.5 billion XRP, are immediately linked to him. Meanwhile, Ripple CEO, Brad Garlinghouse, additionally owns a big quantity of XRP, though the precise figures should not within the public area.

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