The main holders of XRP, the cryptocurrency issued by Ripple Labs, include both the company itself and various exchange platforms and unknown entities. Below are the 10 largest holders of XRP:
1. Ripple #1: Holds 1,960,027,080 XRP, which represents approximately 3.53% of the circulating supply.
2. Upbit: Controls 1,647,573,414 XRP (2.96%).
3. Binance #1: Has 1,477,168,712 XRP (2.66%).
4. Ripple #2: Holds 1,427,544,084 XRP (2.57%).
5. Uphold #1: Manages 1,037,765,929 XRP (1.87%).
6. Uphold #2: Controls 1,015,183,383 XRP (1.83%).
7. Binance #2: Has 685,771,434 XRP (1.23%).
8. Unknown #1: Holds 685,476,395 XRP (1.23%).
9. Unknown #2: Controls 660,927,537 XRP (1.19%).
10. Bitbank: Manages 640,354,319 XRP (1.15%).
In total, the top 10 holders of XRP accumulate more than 39% of the total token supply, while the top 100 hold more than 72%. This concentration suggests that a small number of entities control a significant portion of XRP, which could influence the volatility and price of the cryptocurrency.
Additionally, it has been recently observed that large investors, known as "whales," have accumulated approximately $1.29 billion in XRP, indicating confidence in the long-term potential of the cryptocurrency.
It is important to highlight that, although Ripple Labs and exchange platforms like Binance and Upbit are identifiable, some wallet addresses remain anonymous, adding a level of opacity regarding the exact distribution of XRP among investors.
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