In an exciting turn of events, the count of crypto market participants holding XRP has finally crossed the five million threshold.
In a recent post on X, the leading XRP Ledger explorer XRPScan called public attention to the development that the number of active XRP wallets has surpassed five million for the first time.
The XRP Ledger has surpassed 5 million active accounts: https://t.co/FNRMYddB5Y pic.twitter.com/twe4sCUcPJ
— XRPScan (@xrpscan) January 8, 2024
It is worth mentioning that the number of XRP holders remained stagnant in the 4 million range for nearly two years, encountering challenges in surpassing a new threshold until this year.
Breakdown of The Holders of XRP
At press time, the count of active XRP addresses is 5,000,315. Collectively, these wallets contain 99,988,011,262 (99.98 billion) XRP, with a fully diluted valuation reaching $56.41 billion.
Notably, 40.5 billion XRP tokens are under lock with escrow services, while 59.46 billion tokens are in circulation. Additionally, a noteworthy 11,988,738 XRP has been permanently removed from circulation through incineration since its inception.
Furthermore, XRPScan statistics indicated that the top 12 most prominent wallets holding XRP belong to Ripple, an American crypto payment firm. Ripple has approximately 40 billion XRP tokens locked in escrow, while some 5 billion XRP tokens rest in spendable wallets.
Following Ripple closely regarding significant XRP holding are wallets associated with crypto exchanges Binance, Uphold, UPbit, and Kraken.
Among the prominent figures in the list of the top 50 XRP holders is Chris Larsen, the Chairman of Ripple. Larsen holds over two billion XRP distributed across five wallets.
According to data from the XRP rich list, the cumulative of wallets holding 500 million XRP or more is just 85. In contrast, a significantly larger number of 1,520,402 addresses have a balance below 20 XRP.
The most prevalent range of XRP holdings falls between 20 and 500 XRP. In particular, 2,409,294 wallets are in this category, collectively owning 181.99 million XRP.
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