Ripple’s native token, according to on-chain data XRP coin continues to see strong demand among investors. On the other hand, addresses in the top 0.01% (wallets holding at least 5.75 million XRP) increased to 486, while millionaire addresses decreased to 1,970.
Koinfinans.com As we reported, there were more than 59 billion XRP coins in circulation as of December 25. Additionally, the token’s market cap was approximately $34.44 billion.
According to data from XRP Scan, the top 10 addresses on the XRP rich list currently control approximately 11% of all XRP coins in circulation. This is worth more than $4 billion at current market prices. Meanwhile, the top 50 XRP holders control more than 26.24% of the total circulation of XRP, which is over $10 billion.
XRP Distribution: Top 10 XRP Holders by Percentage
The majority of XRP coins are owned by Ripple, Chief Executive Chris Larsen and CEO Brad Garlinghouse, who were both cleared of all charges by the SEC in October. It is worth noting that crypto exchanges such as Binance, Kraken, Uphold, and Bitbank also hold significant amounts of XRP.
Here is a list of the ten largest XRP addresses in 2023:
The table above shows that one of Ripple’s addresses holds approximately 1.96 billion XRP coins in a single wallet, making this address the largest holder of XRP. The second largest address is also a wallet associated with Ripple.
XRP coins held by centralized exchanges are generally customer deposits held in reserves. For example, Binance is one of the largest holders of XRP. The top 10 addresses on the BNB chain alone hold 168 million XRP, accounting for over 60% of the total XRP supply in the BEP20 variant of the coin.
Unlike most cryptocurrencies, XRP is pre-mined and the total supply of XRP coins is limited to 100 billion. When the project was first launched, Ripple co-founders Chris Larsen, Jed McCaleb, and Arthur Brito received 20 billion XRP. Jed left the company in 2014 and has since divested all of his XRP holdings. However, other co-founders still hold most of their XRP.
Larsen is reportedly one of the largest holders with over 5 billion XRP. At least five addresses that cumulatively hold 2.5 billion XRP are directly linked to it. Meanwhile, Ripple CEO Brad Garlinghouse also owns a significant amount of XRP, but the exact numbers are not in the public domain.