Top 20 Wallets Control Over 50% Of Supply, But Who’s Number 1?
XRP is a local cryptocurrency of the ripple network, and it has seen its price In recent months, it has increased significantly, Allow it to exceed many other large market caps cryptocurrencies. When writing this article, XRP is the third largest cryptocurrency of the market limit. The current purchase trend It is recommended that it may stay for a while.
As of January 25, 2025, Altcoin’s total supply was 100 billion token, which is currently circulating about 57.64 billion. It is worth noting that a large part of this cyclic supply is concentrated in a few wallets. Specifically, the first 10 addresses account for about 20.99 % of the recycling supply, while the first 50 address control control is about 53.3 %, which raises the issue of wealth distribution in the ecosystem. Essence
The first 20 wallets and its dominant position in XRP supply
The largest XRP holding is mainly related to Ripple Labs, and its founder and main cryptocurrency exchange. In terms of numbers Data from Concarp It shows that in 4,840,747 addresses, the top 20 holders, the top 50 holders and the top 100 holders held 50.31 %, 63.74 %, and 71.76 % of the holdings held.
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According to distribution data, Ripple Labs currently owns About 46 billion XRP token, although most of them are locked in the hosting. These token Regularly release In the pre -set number, Ripple has limited the ability to freely access or manipulate custody funds. Even with these restrictions, Ripple Labs also has quite a lot of liquid XRP. From Blockchain Explorer Bithomb Indicates that only one of the wallet address of Ripple includes more than 1.3 billion XRP.
In addition, Ripple Labs Co -founder Chris Larsen (Chris Larsen) He is XRP’s largest individual holder and has more than 5 billion token, making him one of the richest people in the ecosystem. Major exchanges such as Binance and WorthOLD also manages important reserves. For example, a wallet of Binance holds more than 1.3 billion XRPs, accounting for about 1.33 % of recycling. In other exchanges, UPBIT, headquartered in South Korea, also accounts for 4.38 % of the total supply.
Keep allocation: What is worth fear?
These large -scale exchanges and pictures related to ripple -related entities depict a picture of the XRP ecosystem ruled by relatively small stakeholders. However, when you think about it, these huge shares are not in the hands of private companies or individuals that may benefit its interests.
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In addition, the batch held by the exchange represents the summary assets of thousands of users (even not millions) users. Therefore, their concentration in communication does not constitute any unnatural risk on the natural price dynamics of XRP.
When writing, the transaction price of XRP is $ 3.10. Recently reached seven years $ 3.38.
Charts from Medium’s characteristic images, tradingView.com
