XRP Top 20 Wallets Hold Over 50% of Circulating Supply
XRP, the cryptocurrency of the Ripple network, is currently the third-largest by market cap, with significant price growth recently. Key points include:
- Total supply of XRP is 100 billion tokens; approximately 57.64 billion are in circulation.
- Top 10 wallets hold 20.99% of circulating supply; top 50 wallets hold 53.3%.
- The largest holders include Ripple Labs, its founders, and major exchanges.
- Ripple Labs owns around 46 billion XRP, mostly locked in escrow.
- Co-founder Chris Larsen is the largest individual holder, with over 5 billion tokens.
- Major exchanges like Binance and Uphold manage substantial XRP reserves.
Despite large holdings, concentration is among exchanges and Ripple-related entities, which reduces manipulation risk. Currently, XRP trades at $3.10 after reaching a seven-year high of $3.38.
