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XRP, the native ripple cryptocurrency, saw its price grow massively in recent months, allowing him to overtake many other cryptocurrencies on the huge market. At the time of writing, XRP is the third largest crypto according to market capitalization and current purchasing trends Suggest that he can stay there for a while.
As at January 25, 2025, Altcoin has a total supply of 100 billion tokens, with about 57.64 billion currently in circulation. In particular, a significant part of this circulating supply is focused between a miniature number of wallets. In particular, the 10 best addresses contain about 20.99% of circulation supply, while the 50 best addresses control about 53.3%, which raises the question about the distribution of wealth in the ecosystem and which can utilize the Price Rally the most.
20 best wallets and their dominance over XRP supply
The largest XRP farms are associated primarily with Ripple Labs, its founders and the main exchanges of cryptocurrencies. In terms of numbers, Data from Coincarp It shows that out of 4,840,747 addresses of the 20 best owners, 50 best owners and 100 best owners have 50.31%, 63.74%and 71.76%of the circulating delivery, respectively.
According to distribution data, Ripple Labs is currently the owner About 46 billion XRP tokens, although most are enclosed in a deposit. These tokens are issued periodically In pre -determined amounts, limiting the ability of ripple to free access or manipulation of funds. Even with these restrictions, Ripple Labs has a significant amount of liquid XRP. Data from Blockchain Explorer Bithomp Indicates that one of the Ripple portfolio addresses itself contains over 1.3 billion XRP.
Also Ripple laboratories Co -founder Chris Larsen He is the largest individual owner of XRP, with over 5 billion tokens, which makes it one of the richest people in the ecosystem. Main stock exchanges, such as Binance and Surhold, also manage significant reserves. For example, one of the Binance wallets has over 1.3 billion XRP, which is about 1.33% of the circulating supply. South Korea’s cryptocurrencies upbit also has about 4.38% of total supply from among several other exchanges.
Keeping distribution: Anything to fear?
These huge resources according to exchange and entities related to frills paint the image of the XRP ecosystem dominated by a relatively miniature group of stakeholders. However, when you think about it, these huge farms are not in the hands of any private company or a person who would potentially be threatened with the manipulation of the price in their favor.
In addition, the mass possessed by exchanges represents aggregated assets belonging to thousands, if not millions, individual users. As such, their concentration in the exchange is not unnatural for the natural price dynamics for XRP.
At the time of writing, XRP trades for USD 3.10, He recently reached a seven -year level USD 3.38
A distinguished painting with a medium, chart from tradingview.com
