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XRP, the native cryptocurrency of the Ripple network, saw its price grow massively in recent months, allowing him to overcome many other high market capitalization cryptocurrencies. At the time of writing, XRP is the third largest cryptocurrency for market capitalization and current purchase trends I suggest that it could stay there for a while.
As of January 25, 2025, Altcoin has a total supply of 100 billion token, of which about 57.64 billion currently in circulation. In particular, a significant part of this circulating offer is concentrated in a limited number of wallets. Specifically, the first 10 addresses hold about 20.99% of the circulating offer, while the first 50 addresses control about 53.3%, which raises the issue on the distribution of wealth in the ecosystem and on those who will benefit greater benefits from the rise in prices.
The 20 best wallets and their domain on the XRP offer
The major participations in XRP are mainly associated with Ripple Labs, its founders and the main exchanges of cryptocurrency. In terms of numbers, data from Coincarp It shows that of the 4,840,747 addresses, the first 20 owners, the first 50 owners and the first 100 owners hold 50.31% respectively, 63.74% and 71.76% of the circulating offer.
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According to distribution data, Ripple Labs currently owns About 46 billion XRP token, although most are stuck in a guarantee deposit. These tokens they are released periodically in pre -established amounts, limiting Ripple’s ability to freely access or manipulate the funds deposited under warranty. Also with these restrictions, Ripple Labs holds a considerable amount of XRP liquids. Data from Blockchain Bithomp explorer It indicates that one of the addresses of the Ripple portfolio alone contains over 1.3 billion XRP.
Also, Ripple Labs co-founder Chris Larsen It is the largest individual holder of XRP, with over 5 billion token, which makes it one of the richest individuals of the ecosystem. The main exchanges such as Binance and Uphold also manage significant reserves. For example, one of the binance portfolios contains over 1.3 billion XRP, equal to about 1.33% of the circulating offer. The South Korean cryptocurrency exchange also holds about 4.38% of the total offer, as well as some other exchanges.
Keep the distribution: is there something to fear?
These large -scale participations by bags and entities related to Ripple paint the picture of an XRP ecosystem dominated by a relatively small group of interested parties. However, if you think about it, these great participations are not in the hands of any private company or individual who would run the risk of manipulating the price to his advantage.
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In addition, most detained by exchanges represent aggregated resources belonging to thousands, if not millions, of individual users. Therefore, their concentration in exchanges does not present any unnatural risk for the natural prices dynamic for XRP.
At the time I write, XRP is exchanged at $ 3.10, having recently reached maximum of the last seven years of $ 3.38.
First floor image from Medium, graphic designer from tradingview.com