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XRP, the native cryptocurrency of the Ripple network, has seen its price decline Growing significantly in recent months, Allowing it to beat out many other cryptocurrencies in the mass market. At the time of writing, XRP is the third largest cryptocurrency by market cap, and current buying trends She suggests he might stay there for a while.
As of January 25, 2025, the total number of tokens is 100 billion, with about 57.64 billion people currently in circulation. It is worth noting that a large portion of this circulating supply is concentrated among a small number of portfolios. Specifically, the top 10 titles hold about 20.99% of the circulating supply, while the top 50 handle control of about 53.3%, raising the question about the distribution of wealth in the ecosystem and who will benefit most from a price rise.
Top 20 Wallets and Their Dominance of XRP Supply
The largest XRP holdings are primarily associated with Ripple Labs, its founders, and major cryptocurrency exchanges. In terms of numbers, Data from Coincarp It shows that out of 4,840,747 titles, the top 20 holders, top 50 holders, and top 100 holders hold 50.31%, 63.74%, and 71.76% of the circulating supply, respectively.
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According to distribution data, Currently owned by Ripple Labs About 46 billion XRP tokens, although most of them are locked in escrow. These symbols It is issued periodically With pre-determined amounts, limiting Ripple’s ability to freely access or process embedded funds. Even with these restrictions, Ripple Labs holds a large amount of liquid XRP. Data from blockchain explorer bithomp It indicates that one Ripple wallet address alone contains more than 1.3 billion XRP.
Also, Ripple Labs Co-founder Chris Larsen He is the largest single holder of XRP, holding over 5 billion tokens, making him one of the richest individuals in the ecosystem. Major exchanges like Binance and Audhold manage important reserves. For example, one Binance wallet holds more than 1.3 billion XRP, which represents about 1.33% of the circulating supply. South Korea’s Crypto Exchange also holds about 4.38% of the total supply, among a few other exchanges.
Distribution Contract: Anything to Fear?
These large-scale holdings by exchanges and Ripple-related entities paint a picture of an XRP ecosystem dominated by a relatively small group of stakeholders. However, when you think about it, these large holdings are not in the hands of any private company or individual who would potentially be at risk of manipulating the price to their advantage.
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Furthermore, the bulk held by exchanges represents pooled assets belonging to thousands, if not millions, of individual users. As such, its concentration on exchanges does not pose any abnormal risk to the normal price dynamics of XRP.
At the time of writing, XRP is trading at $3.10, Having recently reached a seven-year high From $3.38.
Featured image from Medium, Chart from TradingView.com
