XRP Rich List 2023: Unveiling The Top 10 Largest XRP Holders

XRP Rich List 2023: The demand for Ripple’s native token, XRP, is on the rise, with the number of addresses in the top 0.01% — wallets holding at least 5.75 million XRP — jumping to 486 while millionaire addresses declining to 1,970, according to on-chain data.
Top 10 Addresses On The XRP Rich List Hold 11% Of All XRP Coins In Circulation
As of December 25, there were more than 59 billion XRP coins in circulation, with the token’s market capitalization standing at roughly $34.44 billion.
As per data from XRP Scan, the top 10 largest addresses on the XRP rich list control about 11% of all XRP coins currently in circulation, worth more than $4 billion at current market prices. Meanwhile, the top 50 largest XRP holders control more than 26.24% of XRP’s total circulation, amounting to over $10 billion.
XRP Distribution: Top 10 Largest XRP Holders By Percentage
The lion’s share of XRP coins is held by Ripple, Executive Chairman Chris Larsen, and CEO Brad Garlinghouse, both of whom were cleared of all charges by the US Securities and Exchange Commission (SEC) in October. It’s worth mentioning that crypto exchanges, such as Binance, Kraken, Uphold, and Bitbank also hold significant amounts of XRP.
Here’s a list of the ten largest XRP addresses in 2023:
The table above shows that one of Ripple’s addresses holds about 1.96 billion XRP coins in a single wallet, making it the largest XRP holder. The second largest address is also a wallet associated with Ripple.
XRP coins held by centralized exchanges are typically customer deposits kept in reserves. For instance, Binance is one of the largest XRP holders. The top 10 addresses on the BNB chain alone hold 168 million XRP, accounting for over 60% of the total XRP supply of the coin’s BEP20 variety.
Unlike most cryptocurrencies, XRP is pre-mined, with the total supply of XRP coins limited to 100 billion. When the project initially launched, Ripple co-founders, Chris Larsen, Jed McCaleb, and Arthur Brito received 20 billion XRP. Jed quit the company back in 2014 and has offloaded his entire XRP holdings since. However, other co-founders are still holding on to most of their XRP.
Larsen is reportedly one of the largest holders with over 5 billion XRP. At least five addresses, cumulatively holding 2.5 billion XRP, are directly linked to him. Meanwhile, Ripple CEO, Brad Garlinghouse, also owns a significant amount of XRP, although the exact figures are not in the public domain.
- Gold Vs Bitcoin – Peter Schiff Predicts BTC Will Be ‘Rugged by Gold’
- CEA Industries’ BNB Holdings Reach 480K as Binance Coin Hits New ATH of $1,300
- Peter Brandt Predicts XRP Could Drop to $2.2 If This Happens
- Fed’s Stephen Miran Says He’s ‘Sanguine’ on Inflation Outlook as He Backs More Rate Cuts
- S&P Launches Crypto 50 Index But There’s A Catch
- ASTER vs HYPE Price Analysis – Which Perp DEX Token Looks Poised to Dominate Q4 Performance?
- Ethereum Price Could Soar to $6,500 as BlackRock’s ETF Nears $20B Milestone
- Cardano Price Consolidates Below Key Resistance Ahead of ETF Verdict — Is a 50% Rally in Sight?
- Solana Price Eyes 56% Rebound Amid Solana Company’s Massive $530M SOL Acquisition
- Ethereum’s Price Bullish Cycle Resumes as Grayscale Launches Spot Staking ETPs – Is $7,331 Next?
- Pi Network Price Risky Pattern Points to Crash as 14M Coins Leave OKX