On-chain data reveals that the top 50 XRP addresses control approximately 60% of the circulating supply, valued at $84.4 billion**. The **top 10 holders** alone possess over **23 billion XRP ($55.3 billion). This article delves into XRP’s distribution among major addresses and identifies the largest holders in 2025.
XRP Rich List Distribution in 2025
As of 2025, 57.7 billion XRP are in circulation, with a market cap of $134.7 billion. The supply is split between the top 50 addresses (holding ≥200M XRP each) and smaller holders at a 60:40 ratio.
Breakdown of XRP Holdings:
- Top 10 Addresses: 23.5B XRP (40.8% of supply)
- Addresses 11–50: 12.4B XRP (21.5%)
- Remaining 4.8M Addresses: 21.8B XRP (37.8%)
👉 Discover how XRP compares to Bitcoin in decentralization
Top 10 XRP Holders in 2025
Most large XRP addresses belong to exchanges or Ripple, with only one unknown "whale" address. Ripple dominates the list, holding 37% of circulating XRP across 8 top addresses.
| Owner | XRP Held | % of Supply | Blockchain Address |
|---|---|---|---|
| Ripple #11 | 5,000,000,232 | 5.001% | rB3WNZc45gxzW31zxfXdkx8HusAhoqscPn |
| Ripple #10 | 5,000,000,220 | 5.001% | r9UUEXn3cx2seufBkDa8F86usfjWM6HiYp |
| Ripple #28 | 5,000,000,206 | 5.001% | rMhkqz3DeU7GUUJKGZofusbrTwZe6bDyb1 |
| Uphold #8 | 1,865,122,635 | 1.865% | rsX8cp4aj9grKVD9V1K2ouUBXgYsjgUtBL |
| Bithumb #12 | 1,473,958,471 | 1.474% | rPyCQm8E5j78PDbrfKF24fRC7qUAk1kDMZ |
Data updated February 2025.
Exchanges like Upbit and Bithumb also feature prominently, though Ripple remains the largest stakeholder.
XRP vs. Other Cryptocurrencies: Centralization Comparison
- Bitcoin: Top 10 addresses hold 5.7% of supply.
- Ethereum: Top 10 control 34.7%.
- Dogecoin: Top 10 own 46.6% of DOGE.
XRP’s 37% concentration in its top 10 addresses highlights moderate centralization—less extreme than DOGE but more than BTC.
👉 Explore why XRP is a top altcoin investment
FAQ: XRP Holder Insights
1. Who owns the most XRP?
Ripple controls 8 of the top 10 addresses, totaling 37% of circulating XRP. Exchanges like Upbit and Uphold hold smaller but significant shares.
2. How decentralized is XRP?
Compared to Bitcoin, XRP is more centralized, but it’s more decentralized than Ethereum or Dogecoin by top-holder metrics.
3. Could unknown XRP "whales" influence the market?
The lone unknown top-10 address (4B XRP) could belong to an institution. Individual whales are rare among major holders.
4. What percentage of XRP do small holders own?
Addresses outside the top 50 control ~40% of XRP, spread across 4.8 million wallets.
Key Takeaways
- Ripple dominates XRP ownership, with exchanges holding smaller portions.
- XRP’s supply is more centralized than Bitcoin but less so than Ethereum or Dogecoin.
- The top 50 addresses collectively hold 60% of XRP—a critical factor for investors assessing market liquidity.
For deeper insights into XRP’s ecosystem, 👉 click here.
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