Ripple token is among the top cryptos of the market, and the XRP Rich List for June clearly explains the popularity, as 6.65 million accounts hold billions worth of tokens. Notably, in most cases, the top 100 wallets carry the majority of the token holdings, and the same holds true here as well. But Ripple’s XRP holdings dominate here, which often creates backlash as well.
Top Wallet Belongs to Ripple Per XRP Rich List June
XRP comes with a total supply of 100 billion, of which nearly 99.98 billion are available, with 14 billion burned. Another 35.99 billion tokens are in escrow and are managed with Smart Contracts. Notably, Ripple is the biggest XRP holder, with a total holding of 41 billion (4.56 billion + 35.99 billion escrow), accounting for 42% of the total supply. For the same reasons, investors often feared the centralization of the token.
XRPScan Rich List reveals that Ripple’s multiple wallets hold 5 billion XRP in escrow, bringing the total to 35.99 billion. The top Ripple wallets 9, 10, 11, 12, 13, and 28 alone represent 5% each. Additionally, 26 and 27 hold 500 million XRP each, representing 2.5% of % supply each.
Other Top Holders in XRP Rich List
After blockchain’s wallet, Bithumb, a prominent crypto exchange, holds the most XRP, totalling 1.62 billion (1.6% of the supply), followed by Binance with 1.51 billion tokens (1.5%). Other holders include Uphold, UPbit, bitbanks, and others, each holding 500M to 1B tokens.
Notably, in the top 20, only two trader wallets made their place. One (rLD5k) carries 767,685,236, and the other (rJ9Ey) has 713,000,015 tokens.
Interestingly, in mid-June, on-chain analytics platform Santiment reported that the XRPL is showing great signs of growth. As a result, the XRP addresses are interacting more, and whales are also active.
They note that over 2700 whale & shark wallets hold 1M tokens, which happened for the first time in 12 years.
Overall, Ripple leads the XRP holders race, followed by multiple exchange wallets.
Frequently Asked Questions (FAQs)
Ripple controls nearly 42% of the total XRP supply.
Ripple is the biggest XRP holder with more than 41 billion token supply, followed by Bithumb exchange.
According to Santiment, approximately 2,700 whales hold over 1M tokens.
Pooja Khardia
Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section.
Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights.
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