Top 10 Addresses Holding XRP Holds 73% Of Total Tokens

The topic of cryptocurrency whales has sparked debate in the sector over the ability of huge holders to influence the price of various tokens, as shown in XRP.

According to CoinCarp data, the top ten holders controlled over three-quarters of the tokens in supply as of September 12, accounting for 75.35% of the tokens.

It should be noted that XRP is intended to be a deflationary token with a limited quantity. Nonetheless, it appears that the majority of the tokens are held by ordinary investors on the Binance cryptocurrency platform. Binance owns 38.5%, with the remainder spread among various platforms.

Notably, BNB Smart Chain (BSC), formerly the Binance Smart Chain blockchain network, supports XRP. Smart contracts and decentralized applications (dApps) are also supported by the network.

Furthermore, according to CoinCarp data, the wealthiest account on Binance possesses 99,879,936 XRP tokens, which is equivalent to almost $34.95 million.

Simultaneously, the number of holders has increased in recent years to 228,577. Despite the Securities and Exchange Commission‘s investigation against XRP’s parent company Ripple, the amount has risen.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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