Ripple’s XRP token, one of the most popular cryptocurrencies in the world, has surged nearly 600% in the past three months. With such a wild increase, it is important to address the question: Who owns the most Ripple (XRP)?
As you can see, token distribution should be diverse, as concentration means that a majority holder of the token can manipulate the price significantly in any large buy or sell position. Understanding who holds the most XRP could be key for investors to make a long-term buy or sell decision about this popular cryptocurrency.
In this article, we will provide an overview of the number of XRP holders, the token holder distribution, and the potential impacts of this ownership in the future.
XRP holders overview
Ripple Labs, the creator of the XRP token, has been reported to hold the largest share of the token supply, Resilience To 46 billion XRP. Also, Chris Larsen, co-founder of Ripple Labs, It is said He owns 5 billion XRP. The major cryptocurrency exchange also holds a large amount of XRP, with Binance a contract 1.83 billion tokens.
As of January 24, 2025, XRP is trading at approximately $3.16 per token. The cryptocurrency saw an intraday high of $3.18 and low of $3.04. The 24-hour trading volume reaches $8.2 billion, which contributes to a market capitalization of about $182 billion.
XRP 1D Chart | Source: crypto.news
How many people own XRP?
Due to the anonymous nature of cryptocurrency transactions on the blockchain network, it is almost impossible to count the number of XRP holders. However, it is possible to track multiple wallet addresses holding this token.
According to the latest data collected by BithumbThere are approximately 6,032,259 active XRP account holders holding a total of 99,986,575,397 XRP. Although these numbers provide an estimate of XRP holders, the actual number may be different, as many users may hold multiple wallets, and some wallets will also belong to multiple crypto exchanges.
Best XRP holders
According to the latest Data From Coincarp, 41.04% of the XRP token supply is held by the top 10 wallets. Meanwhile, the top 20 holders hold 50.30% of the total supply, and if we talk about the top 50 and top 100, they hold 63.71% and 71.74% of the total supply.
As for centralized crypto exchanges, Upbit is the leader among XRP holders, with 4.37% of the total supply, followed by binance with 1.31%, Bitbank with 0.58%, and Corbit with 0.12%.
Distribute XRP among holders
If we look at the distribution among XRP holders, we can see that wallets in the range of 1 million to 10 million XRP represent 6.42% of the total XRP supply. Next, wallets with between 100,000 and 1 million XRP hold 11.14%, and smaller XRP holders with 1,000 to 100,000 XRP hold 7.53% of the total supply. Meanwhile, holders of 1,000 or fewer XRP tokens make up a small percentage of the total XRP token supply, highlighting the dominance of larger accounts in this token.
Ripple Labs and XRP ownership
Founded in 2012, Ripple Labs is an XRP miner, a company focused on real-time payment solutions. Its core offering is known as RipPlenet, a technology used by major institutions for cross-border payments. Although Ripple Labs holds the largest share of XRP tokens, amounting to 46 billion XRP tokens, most of them are locked in escrow with scheduled releases to effectively manage token supply.
This key ownership promotes the growth of the ecosystem, but also indicates the centralization of token supply, which contradicts the basic principles of blockchain technology.
Impact of XRP ownership distribution
As mentioned above, a large portion of the XRP token supply is held by a small number of entities, with the top 20 holders collectively controlling 50.53% of the total supply. While it is common for many cryptocurrencies that are in their early stages to have a concentrated supply among a small number of holders, it is not good in the long term especially when it comes to price stability and market behavior.
If holders were to sell off their XRP holdings in a small period of time, this could significantly impact the price of the token and, more importantly, could ruin the project’s reputation forever. It is advisable to do your research before investing in any token and take a look at the token, the total supply, and the token holder agreement as well.
