XRP continues to command growing demand among investors, as addresses in the top 0.01% increase to 478, holding at least 5.7 million XRP, but millionaire addresses drop to 1,994.
This is according to data from Rich-List.info, a community-driven XRP Ledger (XRPL) data resource. The latest data shows that the top 0.01% of XRP accounts are 478. These 478 accounts each hold at least 5.755 million XRP, currently worth nearly $3 million.
Essentially, any XRP wallet with 5.755 million tokens or more falls in the top 0.01% category of holders.
This is the most exclusive category of XRP holders, and its benchmark has decreased from 6 million tokens in August. However, the number of wallets in this category has increased from 474 on Aug. 10 to the latest 478.
The benchmark continues to reduce further below. Accounts holding at least 449,490 XRP ($234K) comprise the top 0.1% holders. This category boasts 4,784 wallets. However, 47,840 accounts comprise the top 1%, with balances equal to or greater than 67K XRP ($35K).
Furthermore, investors looking to secure a spot among the top 5% of holders must have balances worth at least 11,177 XRP ($5,820). Addresses with this balance have increased to over 239K. This figure was 236K, as reported by The Crypto Basic last month.
In addition, addresses in the top 10% of holders have seen a similar increase. These addresses have increased from 473,525 on Aug. 10 to 478,405 as of press time. Notably, these wallets in the top 10% hold at least 3,583 XRP ($1,866).
XRP Millionaire Addresses Drop to 1,994
In the opposite trend, XRP millionaire addresses (holding at least 1 million XRP tokens) have declined since the last report. These addresses numbered 1,997 as of Aug. 10. However, they have now dropped to 1,994, signaling a loss of four wallets.
Notably, these addresses are grouped into seven tiers, each with a specific range of XRP. The tier holding between 1 million and 5 million XRP contains 1,460 wallets. However, addresses with 5 million to 10 million XRP amount to 157.
The tier with balances ranging from 10 million to 20 million XRP has up to 154 wallets. Meanwhile, addresses holding between 500 million and 1 billion XRP amount to 24. These addresses belong to Ripple, exchanges, and other institutions.
Addresses holding between 500 million and 1 billion XRP have not reduced in number. However, those holding 1 billion XRP or more have seen a decline. These addresses have dropped from 5 to 4 since August.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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