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XRP, the native cryptocurrency of the Ripple network, has seen its price Greated enormously in recent months, Which means that the many other cryptocurrencies can catch up with a large market capitalization. At the time of writing, XRP is the third largest crypto currency in terms of market capitalization and current buying trends Imagine that it could stay there for a while.
On January 25, 2025, the Altcoin had a total range of 100 billion tokens, of which there are currently around 57.64 billion in circulation. It is striking that a considerable part of this circulating range is concentrated with a small number of wallets. Specifically, the top 10 addresses hold around 20.99% of the circulating offer, while the top 50 addresses have around 53.3%, which raises the demand about the distribution of wealth in the ecosystem and who the most will benefit from the price increase.
Top 20 portfolios and their dominance about XRP offer
The largest XRP holdings are mainly associated with Ripple Labs, the founders and large cryptocurrency exchanges. In terms of numbers, Data from Coincarp Show that of the 4,840,747 addresses the top 20 holders, the top 50 holders and the top 100 holders, 631%, 63.74% and 71.76% of the circulating range, respectively.
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According to distribution data Ripple Labs is currently owner About 46 billion XRP tokens, although most of them have been detained. These tokens are periodically released In pre -determined amounts, which limits Ripple’s capacity to get freely access to the blocked funds or to manipulate them. Even with these limitations, Ripple Labs has a considerable amount of liquid XRP. Data of Blockchain explorer Bithomp Indicates that one of the wallet addresses of Ripple contains more than 1.3 billion XRP.
Also Ripple Labs Co-founder Chris Larsen Is the largest individual holder of XRP, with more than 5 billion tokens, making it one of the richest individuals in the ecosystem. Large stock markets such as Binance and Uphold also manage considerable reserves. For example, one of the wallets of Binance contains more than 1.3 billion XRP, accounting for around 1.33% of the circulating offer. The Crypto exchange-exchange UPBIT also owned in South Korea also has around 4.38% of the total offer, in addition to a few other trade fairs.
Holding distribution: something to be afraid of?
These large-scale holdings by stock markets and ripple-related entities paint a picture of an XRP ecosystem that is dominated by a relatively small group of stakeholders. However, if you think about it, these major interests are not in the hands of a private company or individual that potentially would run the risk of manipulating the price to their advantage.
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Moreover, the majority of the stock markets represents the aggregated assets of thousands, if not millions of individual users. As such, their concentration at fairs is not an unnatural risk for the natural price dynamics for XRP.
At the time of writing, XRP is traded at $ 3.10, recently reached a highest point in seven years from $ 3.38.
Featured image of Medium, graph of TradingView.com
Credit : www.newsbtc.com
