How many people currently own XRP?

XRP Ledger’s (XRP) key adoption metrics are showing a strong momentum for Ripple’s cryptocurrency. From a demand perspective, the XRP market capitalization has increased by more than $12 billion year-to-date, for an impressive 73% growth in 2023.

Similarly, the number of crypto wallet addresses holding at least 1 XRP ($0.55). Finbold filtered on-chain data from Santiment on October 27, which shows 4.82 million addresses own 1 XRP or more.

It is important to say that XRP Ledger is a pseudonymous network, and one single individual can control multiple addresses without a known link between them. Therefore, it is factually impossible at the moment to know how many people own XRP.

Notably, the retrieved data’s first register is from December 6, 2012, with a single XRP wallet owned by Ripple. This indicates an average growth of 438,180 per year in the last 11 years.

Cryptocurrency

Ripple v. SEC legal feud: No quick resolution in sight

Cryptocurrency

How many XRP do you need to be a millionaire?

Cryptocurrency

Ripple v. SEC: Agency wants $770M to settle XRP lawsuit

Cryptocurrency

82% of Bitcoin holders are ‘in the money’

Cryptocurrency

AI predicts XRP price for Halloween 2023

It is also notable that the pace of new wallet creation was comparatively slow until 2018 when we can observe a surge in the chart that continues steadily until 2021 for a meaningful hike leading to the current 4.82 million addresses who own XRP.

Number of addresses that own 1 XRP or more.
Number of addresses that own 1 XRP or more. Source: Santiment

XRP population is similar to Afghanistan’s capital’s (Kabul)

Interestingly, if we considered the number of addresses as the XRP population, the number of people who own at least 1 XRP would be equal to capital cities such as Kabul in Afghanistan, with around 4.6 million population.

This XRP population holds around $29.48 billion in value considering XRP Ledger capitalization by press time, which is around $15 billion dollars higher than the $14.79 billion GDP of the whole of Afghanistan.

However, this capital is concentrated in an even smaller number of people who own XRP. It is well-known that one single entity usually owns more than one wallet address.

Besides that, data from CoinCarp indicates that the top 10 addresses own more than 11% of the entire supply available of XRP for approximately $3.24 billion worth of tokens. Top owners are distributed among Ripple and cryptocurrency exchanges.

Comments

Post a Comment

Popular posts from this blog

Crypto market ‘dramatically underestimates’ bullishness of spot Bitcoin ETFs

Image
“It’s reckless not to aggressively accumulate BTC at current levels,” K33 senior analyst Velte Lund said in a recent report. The potential of a spot Bitcoin (BTC) exchange-traded fund (ETF) approval to drive prices up is dramatically underestimated by the crypto market , claim analysts from crypto research firm K33 — formerly Arcane Research.  In a Sept. 5 market report, K33 senior analyst Vetle Lunde and vice president Anders Helseth said the last three months had greatly improved the chances of a spot Bitcoin ETF approval despite the sentiment not being reflected in the price of Bitcoin or other mainstay crypto assets. The analysts explained while Bitcoin had all but given up its gains in the wake of Grayscale’s legal victory over the Securities and Exchange Commission — an approval would “attract enormous inflows” and significantly increase buying pressure for Bitcoin. Bitcoin returned its gains in the wake of Grayscale's victory. Source: K33 Research However, the downside of ...
Read more

Crypto Bias Blocks People from Seeing Coinbase as Goldman 2.0: Bitwise CEO

In a recent tweet, Hunter Horsley, CEO of Bitwise Asset Management, shared his frustration with the poor attention given to the US-based crypto, Coinbase, claiming that people are “sleeping” on the crypto business. Horsley argued that while big banks like Goldman Sachs attempt to avoid a “slow death” by investing in technology, APIs, and retail services, Coinbase has already achieved what many banks strive to attain. He points out that the exchange has an exceptional institutional team with 25% of the most significant hedge funds as clients, over 50% institutional volume, and a suite of first-class tech products. The Bitwise CEO also claimed that Coinbase co-invented the USDC payment rail, facilitating $2 trillion in transfers in 2022 Q4 alone. Rant — People are sleeping on Coinbase. Big banks like GS are working to avoid slow death by getting into technology, APIs (Apple deal), more retail services (Marcus), while grappling with the heft of legacy biz, rate exposure, ...
Read more

Komodo (KMD) Price Prediction 2023-2030: Will KMD Price Hit $ 0.7 Soon?

Image
Bullish Komodo (KMD) price prediction ranges from $0.4 to $0.7 Analysis suggests that the KMD price might reach above $0.68. The KMD bearish market price prediction for 2023 is $0.1775. What is Komodo (KMD)? Komodo is an open-source technology provider that provides the infrastructure and tools for the new decentralized financial system. With Komodo, anyone has the capability of launching a branded decentralized exchange, cross-protocol financial applications, and independent blockchains.   The project’s flagship end-user application is Komodo Wallet (formerly AtomicDEX). It is a non-custodial multi-coin wallet, crypto bridge, and DEX rolled into one app. Being compatible with 99% of cryptocurrencies, Komodo Wallet offers the widest cross-chain, cross-protocol trading support of any decentralized exchange. Komodo Wallet’s DEX feature is built using a peer-to-peer (P2P) atomic swap protocol with decentralized order books. Developers use ...
Read more