A recent video by Cheeky Crypto on YouTube discusses the number of XRP tokens needed to qualify as a top holder. This article provides insights into the current state of the XRP market and safe storage recommendations.
Required Tokens for Top Holders
Cheeky Crypto states that to be in the **top 10%** of XRP holders, one needs at least **2,486 tokens**. With the current price at **$2.94**, that amounts to around **$7,308**. To reach the **top 5%**, you need **8,758 XRP**, which converts to **$25,755**. For the **top 1%**, you would need **50,637 XRP**, costing about **$148,873**.
Market Overview of XRP Holders
As of today, there are over 6 million XRP wallets, but many are inactive or empty. The actual number of people holding significant amounts of tokens likely is under **1 million**, positioning XRP owners in a relatively small global group.
Security of Token Storage
The video also emphasizes the importance of **self-custody**. While keeping XRP on an exchange may seem convenient, it is not the safest option. If an exchange is hacked or your account is frozen, you could lose access to your funds. Cheeky Crypto advises utilizing a **cold wallet**, where you control the private keys.
It is clear that significant XRP holdings require consideration of both current prices and the number of holders. Reliable token storage remains a key point for owners.
