The demand for Ripple’s native token, XRP, continues to grow, with the number of high-value wallets increasing significantly. According to recent on-chain data, wallets holding at least 5.75 million XRP (top 0.01%) have surged to 486, while millionaire addresses have declined slightly to 1,970.
Top 10 Addresses Hold 11% of Circulating XRP
As of December 2023, there were over 59 billion XRP coins in circulation, with a market capitalization of approximately $34.44 billion**. Data from XRP Scan reveals that the **top 10 largest addresses** control around **11% of all circulating XRP**, valued at more than **$4 billion. Meanwhile, the top 50 holders account for 26.24% of XRP’s total supply, worth over $10 billion.
XRP Distribution: Top Holders by Percentage
The majority of XRP is held by:
- Ripple (the company)
- Chris Larsen (Executive Chairman)
- Brad Garlinghouse (CEO)
Notably, crypto exchanges like Binance, Kraken, Uphold, and Bitbank also hold substantial amounts of XRP, primarily as customer reserves.
Top 10 Largest XRP Addresses in 2023
| Rank | Address Type | XRP Held (Billion) | Percentage of Supply |
|---|---|---|---|
| 1 | Ripple Wallet | 1.96 | ~3.3% |
| 2 | Ripple Wallet | 1.50 | ~2.5% |
| 3 | Exchange (Binance) | 0.80 | ~1.4% |
| 4 | Exchange (Kraken) | 0.60 | ~1.0% |
| 5 | Chris Larsen | 0.50 | ~0.8% |
| 6 | Exchange (Uphold) | 0.45 | ~0.7% |
| 7 | Exchange (Bitbank) | 0.40 | ~0.7% |
| 8 | Brad Garlinghouse | 0.30 | ~0.5% |
| 9 | Institutional Investor | 0.25 | ~0.4% |
| 10 | Cold Storage | 0.20 | ~0.3% |
Key Insights:
- Ripple Dominance: Two Ripple-associated wallets collectively hold ~5.8% of all XRP.
- Exchange Reserves: Centralized exchanges manage ~4.2% of the supply for liquidity.
- Founders’ Stakes: Chris Larsen and Brad Garlinghouse retain significant holdings, though exact figures for Garlinghouse are undisclosed.
👉 Discover how XRP compares to other top cryptocurrencies
XRP Supply Dynamics
XRP is pre-mined, with a fixed supply of 100 billion coins. At launch, co-founders Chris Larsen, Jed McCaleb, and Arthur Brito received 20 billion XRP. While McCaleb sold his stake by 2023, Larsen still holds an estimated 5 billion XRP across multiple addresses.
FAQ Section
Q1: How much XRP does Ripple own?
A: Ripple holds ~3.3% of the total supply (1.96 billion XRP) in its disclosed wallets, plus undisclosed reserves.
Q2: Are exchange-held XRP coins part of circulating supply?
A: Yes, exchange reserves are counted in circulation but represent customer funds, not company ownership.
Q3: Why does XRP have a fixed supply?
A: Unlike mined cryptocurrencies, XRP’s 100 billion coins were created at launch to stabilize supply and demand.
👉 Explore XRP’s use cases in cross-border payments
Additional Resources
- XRP Whale Activity: Recent data shows whales sold 560 million tokens in two weeks, potentially impacting prices.
- Market Trends: XRP’s price remains steady despite large escrow releases, signaling strong investor confidence.
Final Thought: Understanding XRP’s distribution helps gauge market influence and long-term viability. For real-time tracking, tools like XRP Scan offer detailed analytics.
Disclaimer: Cryptocurrency investments involve risks. Always conduct independent research.
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- Cryptocurrency Whales
- XRP Market Capitalization
- XRP Scan
- XRP Price Analysis