Ripple's XRP token has surged by approximately 600% over the last three months. It is crucial to understand who holds significant amounts of XRP to assess potential market impacts.
Overview of XRP Holders
Ripple Labs, the creator of XRP, holds the largest share of 46 billion XRP. Co-founder Chris Larsen reportedly holds 5 billion XRP. Major cryptocurrency exchanges like Binance also hold significant XRP amounts, with 1.83 billion tokens. As of January 24, 2025, XRP is trading at approximately $3.16 per token, with a market capitalization of about $182 billion.
Top XRP Holders
According to the latest data from Coincarp, 41.04% of the XRP token supply is held by the top ten wallets. Notable lead holders include Upbit and Binance. Significant holders control a large portion of the XRP token distribution, which can influence market conditions.
Distribution of XRP among Holders
Wallets with amounts from 1 to 10 million XRP account for 6.42% of the total supply, while those with 100,000 to 1 million XRP hold 11.14%. Smaller holders account for a smaller percentage, underscoring the dominance of larger accounts.
The concentration of XRP in the hands of a few can significantly impact price stability and market conditions. Such distribution can lead to drastic price changes if large sales occur.
