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TL;DR <\/a><\/p>\n According to the most recent data, XRP adoption might be still in its early days. The X (Twitter) user FrancisBovineSwift shared the stats, saying there are over 3.6 million wallets holding less than 500 XRP (equaling around $240 at current rates).\u00a0<\/span><\/p>\n The majority of those addresses hold between 20 and 500 tokens, while the rest own up to 20 coins (less than a mere $10).<\/span><\/p>\n Next time you are looking at the https:\/\/t.co\/6hsVbQITMp<\/a> site, and wondering where you stand, remember that out of the 4.8 million wallets, over 3.6 million wallets hold less than 500 XRP.<\/p>\n Factor this in to your estimates when factoring in the other 8 billion souls walking this\u2026 pic.twitter.com\/C37QBI6hre<\/a><\/p>\n \u2014 FrancisBovineSwift \ud83c\udff4\u200d\u2620\ufe0f \ud83e\uddf8 (@SwiftBovine) October 12, 2023<\/a><\/p>\n<\/blockquote>\n As\u00a0<\/span>CryptoPotato\u00a0<\/span><\/em>reported<\/span><\/a> earlier this month, the total XRP wallets stand at over 4.8 million. About 17% of that amount was generated since the beginning of 2023, meaning investors have shown a growing appetite for Ripple\u2019s native token amid the company\u2019s success in its court dispute with the US Securities and Exchange Commission (SEC).<\/span><\/p>\n While most investors have a relatively small exposure to XRP, those holding between 100K and 100M XRP have been on an accumulation spree lately.<\/span><\/p>\n Sharks and whales currently\u00a0<\/span>own<\/span><\/a>\u00a0almost $7.9 billion worth of the asset, representing almost 27% of the total circulating supply. In comparison, those large investors possessed $7.16 billion worth of XRP in October 2022 (a month before\u00a0<\/span>the FTX meltdown<\/span><\/a>).<\/span><\/p>\n Several analysts have laid out optimistic price predictions for the asset, considering Ripple\u2019s two\u00a0<\/span>court victories<\/span><\/a>\u00a0in a row against the SEC and the possibility of an overall crypto bull run next year. ChatGPT also\u00a0<\/span>thinks<\/span><\/a>\u00a0that the asset might thrive in 2024 should vital elements like new banking collaborations, favorable macroeconomic conditions, market trends, and technological developments be in place.<\/span><\/p>\n Those willing to find out how high XRP could go during the next bull run can take a look at our dedicated video below:<\/span><\/p>\n
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\u2018Factor This Into Your Estimates\u2019<\/span><\/h2>\n
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Sharks and Whales Have Been Quite Active<\/span><\/h2>\n