Recent data published in the XRP community has drawn attention to the wealth distribution among its holders. As of June 2025, 5,214 wallets hold 460,829 XRP or more, creating the impression of a large number of millionaires among holders.
Number of Large XRP Wallets
Currently, 5,214 wallets possess 460,829 XRP or more. At a market price of $2.17 per XRP, this exceeds $1 million. However, the actual ownership situation is more complex.
The Role of Centralized Exchanges in Wallet Statistics
Many of the large XRP wallets belong to centralized exchanges, where funds from multiple users are stored. When sending XRP to an exchange, user funds go to a central wallet, differentiated by destination tags. This suggests that the actual number of individual XRP millionaires could be significantly lower.
Benefits of Self-Custody Wallets
Self-custody wallets provide a clearer picture of asset ownership. Unlike exchange wallets, which belong to multiple users, self-custody wallets mean that investments are fully under the owner's control. This creates a more transparent ownership system and reduces the risk of fund loss.
The analysis of XRP wallet distribution shows that despite the number of wallets with large balances, the actual number of millionaires may be significantly lower due to the impact of centralized exchanges. However, a shift to self-custody solutions may improve this situation.
