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Who Are The Top 10 Largest XRP Holders? – Crypto News

Published

1 year ago

December 25, 2023

Dripp

Ripple’s native token, XRP continues to see strong demand among investors, as addresses in the top 0.01% — wallets holding at least 5.7 million XRP — jump to 486 while millionaire addresses decline to 1,970, on-chain data shows.

Top 10 Addresses On The XRP Rich List Hold 11% Of All XRP Coins In Circulation

As of December 25, there were more than 59 billion XRP coins in circulation, with the token’s market capitalization standing at roughly $34.44 billion.

According to data from XRP Scan, the top 10 largest addresses on the XRP rich list control about 11% of all XRP coins currently in circulation, worth more than $4 billion at current market prices. Meanwhile, the top 50 largest XRP holders control more than 26.24% of XRP’s total circulation, amounting to over $10 billion.

XRP Distribution: Top 10 Largest XRP Holders By Percentage

The lion’s share of XRP coins is held by Ripple, Executive Chairman Chris Larsen, and CEO Brad Garlinghouse, both of whom were cleared of all charges by the US Securities and Exchange Commission (SEC) in October. It’s worth mentioning that crypto exchanges, such as Binance, Kraken, Uphold, and Bitbank also hold significant amounts of XRP.

Here’s a list of the ten largest XRP addresses in 2023:

Top 10 Largest XRP Holders In 2023 — Image credits: XRP Scan

The table above shows that one of Ripple’s addresses holds about 1.96 billion XRP coins in a single wallet, making it the largest XRP holder. The second largest address is also a wallet associated with Ripple.

XRP coins held by centralized exchanges are typically customer deposits kept in reserves. For instance, Binance is one of the largest XRP holders. The top 10 addresses on the BNB chain alone hold 168 million XRP, accounting for over 60% of the total XRP supply of the coin’s BEP20 variety.

Unlike most cryptocurrencies, XRP is pre-mined, with the total supply of XRP coins limited to 100 billion. When the project initially launched, Ripple co-founders, Chris Larsen, Jed McCaleb, and Arthur Brito received 20 billion XRP. Jed quit the company back in 2014 and has offloaded his entire XRP holdings since. However, other co-founders are still holding on to most of their XRP.

Larsen is reportedly one of the largest holders with over 5 billion XRP. At least five addresses, cumulatively holding 2.5 billion XRP, are directly linked to him. Meanwhile, Ripple CEO, Brad Garlinghouse, also owns a significant amount of XRP, although the exact figures are not in the public domain.