The XRP rich list update shared by crypto influencer John Squire provides insights into the asset distribution among XRP holders and the requirements for ranking within various percentage tiers.
XRP Distribution Data
According to the data, a wallet holding just over 2,486 XRP qualifies an owner for the top 10% of XRP accounts, while a balance of 50,637 XRP is required to rank in the top 1%. The shared chart, compiled by Squire, categorizes XRP holdings into percent brackets ranging from 0.01% to 10%. At the very top, only 663 wallets meet the 0.01% criteria, each holding more than 5.73 million XRP.
John Squire's View on XRP Holders
Squire commented that many XRP holders might underestimate their position within the broader ecosystem. He suggested that individuals who believe they are 'just getting started' may actually be ahead of 99% of accounts based on current wallet data.
Community Critique and Discussions
Concerns regarding the accuracy of the provided figures were voiced by users like PAPA2MAXX, who argued that many individuals hold XRP across multiple wallets, distorting the actual ownership distribution. Others, like DanielThaLion, noted that many high-balance wallets are custodial accounts owned by centralized exchanges, which obscures individual ownership.
While John Squire's update presents a factual breakdown of wallet balances based on ledger data, the actual distribution of XRP ownership may be more complex due to multi-wallet users and exchange custodians.
