Prominent XRP influencer reveals intriguing XRP distribution insight as on-chain data suggests that the top 5% XRP holders own 11,000+ XRP.
Crypto Assets Guy, a prominent XRP influencer, recently took to Twitter to share an intriguing insight about the distribution of XRP holdings. He emphasized that any XRP holder with a balance of at least 11,000 XRP is among the top 5% of holders.
If you hold more than 11,000 $XRP you are on the top 5% holders
Data from XRP rich-list.info corroborates this claim, shedding light on the distribution patterns among XRP holders. Notably, the platform reveals that a substantial number of XRP accounts fall within the 10,000 to 25,000 XRP holding range.
In particular, 142,506 accounts fall into this bracket. Collectively, these accounts hold an impressive 2,163,069,440. XRP.
Delving into the specifics, the top 1% of the XRP rich list, which amounts to 47,352 individuals, possess at least 69,409 XRP each. Also, 236,762 accounts representing the top 5% hold over11,011 XRP each.
Further down the list, the final segment comprises 473,525 accounts, with holdings of 3,514 XRP each. This group makes up the top 10% of the rich list.
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Interestingly, a rarefied group of just 474 individuals stands out as exceptional holders. Each possesses a remarkable 6,064,380 XRP or more. This select group represents the top 0.01% of the entire rich list. The percentage further underscores the small concentration of wealth within the XRP ecosystem.
Meanwhile, the data shows that at least 1,997 accounts hold one million XRP and above. Particularly, 1,461 crypto investors hold one to five million XRP. Cumulatively, the group commanded 2,706,555,306 XRP valued at $1,702,423,287.
The Contributing Factor
As The Crypto Basic disclosed last month, the XRP ecosystem witnessed a surge in investor interest following the clarity of XRP’s regulatory status. About a month ago, the US court ruled in favor of the XRP community that XRP is not a security but a digital asset.
Concurrently, XRP trading volume burgeoned, putting it in a rivalry race against market bigwigs Bitcoin (BTC) and Ethereum (ETH). Interestingly, a top data analytic firm ranked XRP as the top traded altcoin of 2023, as The Crypto Basic reported.
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.
If you are in the XRP cult, then you obviously know that XRP bagholders will eventually join the richest 1% of people worldwide. Now, what if you want to be ultra-rich, the 1% of the 1%. Well, to join the top 1% of all XRP accounts you must hold at least 73,733 XRP.
Most participants have between 10,000 and 50,000 XRP in their accounts. As a result, we can calculate that each participant holds a minimum amount within the stated range of XRP, resulting in an average of 53,327 XRP per participant.
At $100, that would mean you need 10,000 XRP for $1 million. At $500, you would need 2000 XRP. And Valhil Capital, a private equity firm, thinks the price will climb so much that you only will need 100 XRP to be a millionaire. The average XRP holder would become a millionaire at an $80.97.
which XRP do you need to hold. to be in the top 10% of holders, and how much. would it cost for you to buy that many tokens? well, you need to hold 2694 tokens to be in the top 10%. at today's price of 37 cents, that means it will cost you 1000 and $15.
In a recent tweet, Santiment disclosed that crypto addresses controlling no fewer than 10,000 XRP tokens reached an all-time high. Santiment noted that XRP rallied over 25% in twelve days while more wallets holding over 10,000 XRP appeared in the limelight. In particular, their number has now reached 277.62k.
At the time of writing, the value of one XRP token is approximately $0.50. To hold XRP worth one million dollars, investors would therefore need around two million tokens. However, a study suggests that even owning fewer than 100 XRP could be sufficient to reach the million-dollar milestone.
The top 10 largest holders of XRP include two addresses from Ripple, holding 3.69% and 2.90% of the circulating supply respectively, two from Binance with 2.78% and 1.75%, two from Uphold with 2.58% and 1.57%, and one each from Upbit (1.58%), Kraken (1.39%), an unknown holder (1.29%), and Bitbank (1.22%).
How Much XRP Whales Bought. Citing data from the intelligence platform Santiment, Martinez uncovered that whales amassed over 31 million XRP assets in the past week. Notably, these investors are in the tier of those holding between 10 million and 100 million XRP tokens.
Ripple is a real-time gross settlement system, currency exchange and remittance network that is open to financial institutions worldwide and was created by Ripple Labs Inc., a US-based technology company.
Can XRP reach $100? Reaching a $100 price point would mean a market capitalisation of roughly $5.2 trillion for XRP, considering the current circulating supply of about 52 billion. This would be more than four times larger than the current value of all cryptocurrencies combined.
For XRP to hit $500, it would require an over 1,000-fold increase from its current price. Analysts widely consider this an unattainable milestone due to the massive market cap increase it demands, estimated at over $26 trillion. Despite the improbability of hitting $500, XRP holds substantial growth potential.
Here's why it's impossible. The reason why XRP won't ever reach a price of $10,000 is not complicated – the supply of XRP is simply too large. XRP has a maximum supply limit of 100 billion coins. While not all XRP coins are currently in circulation, the coin still has a substantial circulating supply of 54.94 billion.
Introduction: My name is Domingo Moore, I am a attractive, gorgeous, funny, jolly, spotless, nice, fantastic person who loves writing and wants to share my knowledge and understanding with you.
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