XRP, the cryptocurrency that has consistently garnered attention, is revealing some interesting patterns among its top holders. Rich-List.info, an insightful community-driven XRP Ledger (XRPL) data resource, provides intriguing figures on this.
The crests of the XRP’s financial pyramid, the top 0.01% of holders, have seen an increase. From the data, the number of accounts in this prime category has swelled from 474 in August to 478 now. Each of these accounts possess a minimum of 5.755 million XRP, which translates to nearly $3 million in value. This distinguishes any XRP wallet with 5.755 million tokens or more as the crème de la crème of the XRP community.
Interestingly, this most exclusive category of XRP holders underwent a benchmark dip from 6 million tokens in August. Concurrently, the next strata, the top 0.1% of holders, demand balances of at least 449,490 XRP ($234K). These accounts tally up to 4,784 wallets. On a broader spectrum, the top 1% have a threshold of 67K XRP ($35K) spread across 47,840 accounts.
Furthermore, those aspiring to be among the top 5% need to amass at least 11,177 XRP ($5,820). Data reveals an increase in these addresses, now over 239K compared to 236K last month. Mirroring this rise, the top 10% category also saw an uptick: from 473,525 in August to 478,405 presently, each holding a minimum of 3,583 XRP ($1,866).
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Contrasting with the growth in top tiers, XRP’s millionaire club, those with at least 1 million XRP, saw a marginal contraction. From 1,997 wallets in August, the count has edged down to 1,994.
When dissected further, these millionaire addresses span seven tiers based on their XRP balance. The most populous tier, holding between 1 million and 5 million XRP, claims 1,460 wallets. Those possessing between 5 million and 10 million XRP number at 157, while the bracket of 10 million to 20 million XRP holds 154 wallets. Institutional players like Ripple and major exchanges often have addresses in the topmost categories, such as the 24 wallets holding between 500 million and 1 billion XRP.
Notably, this latter group hasn’t shrunk, but the ultimate elite with over 1 billion XRP has reduced from 5 to 4 since the previous month.
These shifts in XRP’s aristocracy shed light on the distribution of wealth within the XRP community. While the number of top-tier holders is increasing, the millionaire club has seen a slight decline. This could indicate a concentration of wealth among a select few, as the highest echelon of XRP holders continues to amass significant amounts of the cryptocurrency.
The increase in the number of wallets in the top 0.01% and other top categories suggests that more individuals and institutions are recognizing the value and potential of XRP. As XRP continues to gain adoption and interest, these elite holders will likely play a crucial role in shaping the future of the cryptocurrency.
It’s also worth noting that the presence of institutional players like Ripple and major exchanges in the top tiers of XRP holders highlights the growing involvement of established financial entities in the cryptocurrency market. This could have implications for the mainstream adoption and acceptance of XRP as a legitimate asset.
Overall, the shifts in XRP’s aristocracy provide valuable insights into the distribution and concentration of wealth within the XRP community. As the number of top-tier holders increases, it will be interesting to observe how this impacts the overall market dynamics and the future trajectory of XRP.
