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Cryptocurrency News Articles

Ripple (XRP) Ownership Distribution: Labs Holds 46B, Co-Founder Larsen Owns 5B

Jan 25, 2025 at 09:01 am

Understanding the distribution of XRP holders is crucial for investors looking to make informed decisions in the volatile crypto market.

Ripple (XRP) Ownership Distribution: Labs Holds 46B, Co-Founder Larsen Owns 5B

As of 24th January, 2025, XRP is trading at around $3.16 per token, kicking off the year with an intraday high of $3.18 and a low of $3.04. The total market capitalization stands at approximately $182 billion, with a 24-hour trading volume of $8.2 billion.

The remarkable surge in XRP’s price has prompted questions about the ownership of this popular cryptocurrency. Understanding the distribution of XRP holders is crucial for investors looking to make informed decisions in the volatile crypto market.

According to recent data, Ripple Labs, the creator of XRP, holds a significant portion of the token’s supply, with 46 billion XRP in its possession. Co-founder Chris Larsen is also known to own a substantial amount of XRP, reportedly holding 5 billion XRP. Major cryptocurrency exchanges, such as Binance, are also among the top holders of XRP.

The distribution of XRP holders reveals that there are approximately 6,032,259 active XRP account holders, collectively holding nearly 100 billion XRP. Top wallet holders possess a significant share of the total supply, with the top 10 wallets owning 41.04% of XRP tokens.

This concentration of ownership is further evident when considering the top 100 wallets, which together own 70.96% of the total XRP supply. Centralized exchanges, such as Upbit and Binance, also hold notable portions of XRP, with 11.36% and 9.56% of the total supply, respectively.

The data on XRP holder distribution provides valuable insights into the ownership patterns of this widely held cryptocurrency. As the crypto market continues to evolve, these dynamics can influence investors' strategies and decision-making processes.

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Other articles published on Jan 26, 2025