🔥Behind XRP token are several major investors, including Ripple Labs Inc., which holds a significant portion of XRP tokens. In fact, 80 billion XRP tokens were gifted to Ripple Labs by the founders, Jed McCaleb, Arthur Britto, and Chris Larsen, in exchange for developing the XRP Ledger.¹
Other notable investors and partners of Ripple include:
- *Institutional Investors*: Several institutional investors, such as banks and financial institutions, have invested in XRP and partnered with Ripple to use its technology for cross-border payments.²
- *Whale Investors*: Some whale investors have also shown interest in XRP, with almost $1.5 billion worth of XRP moved in just two days.
- *Individual Investors*: Individual investors, such as those who participated in the Ripple token sale, also hold a significant portion of XRP tokens.
It's worth noting that the ownership structure of XRP is quite unique, with a large portion of tokens held by Ripple Labs and its founders. However, this has also led to concerns about centralization and the potential for price manipulation.
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