Analyst Explains Misconception of 7 Million XRP Wallets as Holder Count

Crypto analyst CryptoTank has clarified a common misconception about the number of XRP holders, explaining that the widely cited figure of seven million XRP wallets does not accurately reflect individual holders. Many investors operate multiple wallets, suggesting that the true number of unique XRP holders is likely below one million.

Key Insights

The actual number of distinct XRP holders is significantly lower than the wallet count implies.
Most committed XRP investors manage between four and six wallets each.
The small holder base means any increase in demand could greatly impact XRP prices.

Institutional Expansion with Spot XRP ETF

The launch of the Spot XRP ETF in the U.S. expands access to institutional and retail investors.
Initial trading saw $243.05 million in inflows on November 14.
This did not immediately reflect in XRP's price, which is currently down by 1.4%, trading at $2.26.