Who owns the most XRP? Explaining the most important XRP holders and ownership distribution

Ripple’s XRP token, one of the most popular cryptocurrencies in the world, has risen nearly 600% in the past three months. With this massive increase, it is important to address the following question: who owns the most Ripple (XRP)?

As you can see, token distribution must be diverse, because concentration means that the majority holder of the token can significantly manipulate the price on any major buy or sell position. Understanding who owns the most XRP can be key for investors to make a long-term buy or sell decision on this popular cryptocurrency.

In this article, we will provide an overview of the number of XRP holders, the token holder distribution, and the potential impacts of this ownership in the future.

XRP holders overview

Ripple Labs, the creator of the XRP token, is said to own the largest share of the token’s supply, Amount To 46 billion XRP. Also, Chris Larsen, co-founder of Ripple Labs, It is said Holds 5 billion XRP. Major cryptocurrency exchanges also hold a large amount of XRP, with Binance a contract 1.83 billion tokens.

As of January 24, 2025, XRP It trades at around $3.16 per token. The cryptocurrency saw an intraday high of $3.18 and a low of $3.04. The 24-hour trading volume is $8.2 billion, contributing to a market capitalization of approximately $182 billion.

XRP 1D Chart | source: crypto.news

How many people own XRP?

Due to the anonymous nature of cryptocurrency transactions on the blockchain network, it is almost impossible to count their number XRP holders. However, it is possible to track multiple wallet addresses containing this token.

According to the latest data collected by BitumpThere are approximately 6,032,259 active XRP account holders who own a total of 99,986,575,397 XRP. While these numbers provide an estimate of XRP holders, the actual number may vary, as many users may own multiple wallets, and some wallets will also belong to multiple cryptocurrency exchanges.

Top XRP holders

According to another Data From Coincarp, 41.04% of the XRP token supply is held by the top 10 wallets. Meanwhile, the top 20 holders own 50.30% of the total supply, and if we talk about the top 50 and top 100, they hold 63.71% and 71.74% of the total supply.

As for centralized cryptocurrency exchanges, Upbit is the leader among XRP holders, with 4.37% of the total supply, followed by Binance with 1.31%, Bitbank with 0.58%, and Korbit with 0.12%.

Distribution of XRP among its holders

If we look at the distribution among XRP holders, we can see that wallets between 1 million and 10 million XRP represent 6.42% of the total supply of XRP. Next, wallets with 100,000 to 1 million XRP hold 11.14%, and smaller XRP holders with 1,000 to 100,000 XRP hold 7.53% of the total supply. Meanwhile, holders with 1,000 or fewer XRP tokens make up a small percentage of the total supply of XRP tokens, highlighting the dominance of larger accounts in this token.

Ownership of Ripple Labs and XRP

Founded in 2012, Ripple Labs, the creator of XRP, is a company focused on real-time payment solutions. Its core offering is known as RippleNet, a technology used by major institutions for cross-border payments. While Ripple Labs holds the largest share of XRP tokens, amounting to 46 billion XRP tokens, most of them are locked in escrow with scheduled releases to effectively manage token supply.

This key ownership promotes the growth of the ecosystem, but also indicates the centralization of the token supply, which contradicts the basic principles of blockchain technology.

Impact of XRP ownership distribution

As mentioned above, some entities own a significant portion of the XRP token supply, with the top 20 holders collectively controlling 50.53% of the total supply. While it is common for many cryptocurrencies that are still in their early stages to have a concentrated supply among a small number of holders, this is not good in the long term especially when it comes to price stability and market behavior.

If large holders sell their XRP holdings in a short period of time, it could significantly impact the price of the token, and more importantly, it could affect the reputation of the project forever. It is advisable to do your own research before investing in any token and take a look at its token economy, total supply and token holder agreements as well.