The article discusses the ownership and distribution of Ripple's XRP token, which has seen a significant surge in value in the past three months. Ripple Labs, the creator of XRP, holds the largest share of the token's supply, followed by co-founder Chris Larsen and major cryptocurrency exchanges such as Binance. The actual number of XRP holders is difficult to calculate, but there are approximately 6 million active XRP account holders. The top 10 wallets hold 41% of the token supply, while the top 20 holders own 50%. Centralized exchanges also hold a portion of the supply, with Upbit being the largest owner. The distribution of XRP holders is skewed towards larger accounts, with smaller holders making up a small percentage of the supply. The concentration of ownership raises concerns about centralization and the potential impact on price stability and market behavior. Investors are advised to research tokenomics and the distribution of token holders before investing in any cryptocurrency.



Other News from Today