CandleFocus Top 5 XRP Holders Shaping the Market: Who Holds the Most Power?
2024-09-07
Author: Content Editor
This article discusses the five largest holders of XRP, the digital asset developed by Ripple Labs. Ripple Labs itself is the largest shareholder, holding most of the XRP supply in escrow and releasing it periodically to limit oversupply. Jed McCaleb, a co-founder of Ripple Labs, is also a significant holder of XRP, restricted by an agreement with Ripple on the amount he can sell at any given time. Another co-founder, Chris Larsen, holds substantial amounts of XRP as well. Various cryptocurrency exchanges, such as Binance, Coinbase, and Bitstamp, also hold large amounts of XRP for trading purposes, indicating the liquidity and market activity of the token. Additionally, there are unidentified individuals with substantial amounts of XRP in whale wallets, whose actions can impact the market.
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