Who is the Most XRP Holder? Find Out Here!

Bittime - XRP, one of the world's most popular crypto assets, has seen its price surge nearly 600% in the last three months. This drastic increase has left many investors wondering: who owns the most XRP?

Concentrated ownership can lead to significant price manipulation, making understanding token distribution important for long-term investment decisions. 

This article will discuss the number of XRP holders, distribution of token ownership, and its impact in the future.

XRP holders

Ripple Labs, the creator of the XRP token, reportedly owns the lion's share of the token supply, around 46 billion XRP. 

Additionally, Chris Larsen, co-founder of Ripple Labs, reportedly owns 5 billion XRP. Major crypto exchanges also hold large portions of XRP, including Binance which holds 1.83 billion tokens.

On January 24, 2025, the price of XRP was trading around $3.16 per token, with an intraday high of $3.18 and low of $3.04. The 24-hour trading volume reached $8.2 billion, with a market capitalization of approximately $182 billion.

Read also: XRP Coin: Potential Listing on CME and Prospects for Price Increase

How Many People Own XRP?

Due to the anonymous nature of crypto transactions, it is difficult to calculate the exact number of XRP holders. However, data from Bithomp shows that there are around 6,032,259 active accounts holding a total of 99,986,575,397 XRP.

While this data provides a rough idea, the actual numbers may vary as some holders may have more than one wallet, and some wallets are also owned by crypto exchanges.

Holder Most XRP

According to the latest data from Coincarp, 41.04% of the total XRP supply is held by the 10 largest wallets. Meanwhile, the top 20 holders own 50.30% of the total supply. 

If expanded to the top 50 and 100 holders, they control 63.71% and 71.74% of the total supply, respectively.

Among crypto exchanges, Upbit is the largest holder of XRP with 4.37% of the total supply, followed by Binance with 1.31%, Bitbank with 0.58%, and Korbit with 0.12%.

XRP Distribution Among Holders

Token distribution shows that wallets with holdings between 1 million and 10 million XRP account for 6.42% of the total supply. 

Wallets with holdings of 100,000 to 1 million XRP own 11.14%, while small holders with 1,000 to 100,000 XRP own 7.53%. 

Holders with less than 1,000 XRP account for only a small portion of the total supply, underscoring the dominance of large holders.

Impact Ripple Labs Ownership 

Founded in 2012, Ripple Labs is the company behind XRP that focuses on real-time payment solutions. 

Ripple Labs manages 46 billion XRP, most of which is locked in escrow with a release schedule aimed at effectively managing the token supply.

However, these large holdings reflect the centralization of token supply, which goes against the principle of decentralization in blockchain technology.

Impact of XRP Ownership Concentration

With the 20 largest holders controlling more than 50% of supply, there is the potential for significant impact on price stability and market behavior. 

If large holders sell large amounts in a short period of time, the price of XRP could plummet drastically, damaging investor confidence.

Therefore, it is very important for potential investors to research XRP tokenomics, total supply, and ownership patterns before making an investment decision.

FAQ XRP

What is XRP and what is its use?

XRP is a digital asset created by Ripple Labs and designed to facilitate cross-border payments. XRP blockchain technology enables transactions in just a few seconds with very low fees making it ideal for international money transfers and micropayments.

What is the Difference Between XRP and Other Cryptocurrencies Like Bitcoin?

XRP supports a cross-border payment system with a focus on speed and cost efficiency, different from Bitcoin which functions more as a store of value and investment tool. In addition, XRP uses a consensus mechanism that does not require mining so it is more energy efficient.

How much is 1 XRP USD?

Currently, 1 XRP is worth $3.16 according to Coinmarketcap. 

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Reference

Shaffiq Hassan, Who owns the most XRP?, Accessed January 25, 2025

Author: SD