The top five largest holders of XRP as of 2024 include a mix of Ripple-affiliated wallets, exchanges, and co-founders:
1. Ripple Labs: Ripple is the largest holder, controlling approximately 46 billion XRP, much of which is in escrow to be released gradually into circulation.
2. Upbit Exchange: A South Korea-based exchange, holding over 6 billion XRP.
3. Binance: The leading global crypto exchange holds approximately 2.9 billion XRP, mostly comprising customer funds.
4. Chris Larsen: Ripple co-founder and former CEO, holds over 2.8 billion XRP directly in traceable addresses.
5. Uphold Exchange: This U.S.-based exchange holds around 2.1 billion XRP, known for being XRP-friendly.
This centralized distribution highlights Ripple's significant influence over XRP supply and market dynamics.