Ripple’s Rich List: These Individuals and Companies Are the Biggest XRP Whales in the World

Ripple Labs Inc. has shown much resilience in the face of its three-year-long lawsuit with the United States Securities and Exchange Commission (SEC). Despite the enforcement action which imparted negatively on its associated cryptocurrency XRP, the coin has remained one of the top digital currencies globally, especially, due to the fact that it facilitates cross-border payments

Many investors have remained bullish on the coin and continue to fill their bags with more XRP.

In a recent report, some of XRP’s biggest investors were highlighted on a “XRP Rich List” that has since gone viral. For a token that has a fixed supply of 100 billion, only about 50.26 billion XRP are in circulation, representing more than half of the entire supply. The first addresses on the list, holding the most XRP token is that of the project founders and utives including Chris Larsen and Brad Garlinghouse

The first Ripple address on the list holds 1,960,027,012 XRP while the second one has 1,765,294,075 XRP tokens

It is worth noting that about five addresses holding a total of 2.5 billion XRP were seen to belong to Chris Larsen, Ripple’s former Chief utive Officer (CEO) and Co-founder. The least address on the top 10 XRP Rich List whose owner is unknown, holds only 607,476,328 XRP or 0.61% of the circulating supply

Binance, Kraken And Others on XRP Rich List

Some centralized exchanges and crypto lenders like Binance, Kraken, Uphold, Bitbank, and others also featured on the XRP rich list.

Buy Binance Coin (BNB) quickly and securely with PayPal, credit card or bank transfer at eToro. Visit Website <<By percentage, these crypto lenders and centralized exchanges hold more XRP tokens than other investors in the eco and most of their wallet addresses hold XRP worth hundreds of million. Oftentimes, these XRP holdings held by exchanges are usually customers’ deposits kept in reserve and this explains why Binance owns one of the largest XRP wallets in the industry

For context, Coincarp data shows that the leading cryptocurrency exchange holds 72.17% of the XRP supply (of the BEP20 iety) on exchanges. Precisely, the top 10 addresses on the BNB Chain hold 162.9 million XRP, representing more than 58% of the overall XRP supply of the coin’s BEP20 iety

Generally, XRP whales have a cumulative XRP holding of about 10,799,000,000 XRP tokens, and at the current market value, this is worth approximately $4.9 billion. They represent 10.8% of the total XRP fixed supply. Taking the next 40 highest addresses into consideration, XRP top 50 whales hold 13,200,000,000 XRP, representing 26.4% of the entire circulating supply. The remaining supply of 73.6% is held by other addresses. A more concise list can be viewed via XRP Scan via this link.

It is likely that the number of these XRP whales will increase in the coming days in response to Ripple’s partial victory against the SEC. Already the Ripple blockchain has begun to see some increased whale activity as reported earlier by Crypto-News Flash.

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