- XRP’s top 0.01% wallets increase to 478, each holding at least 5.7 million XRP.
- Number of millionaire XRP wallets drops slightly from 1,997 to 1,994.
Shifts in XRP’s Aristocracy
XRP, the cryptocurrency that has consistently garnered attention, is revealing some interesting patterns among its top holders. Rich-List.info, an insightful community-driven XRP Ledger (XRPL) data resource, provides intriguing figures on this.
Elevation of the Elite
The crests of the XRP’s financial pyramid, the top 0.01% of holders, have seen an increase. From the data, the number of accounts in this prime category has swelled from 474 in August to 478 now. Each of these accounts possess a minimum of 5.755 million XRP, which translates to nearly $3 million in value. This distinguishes any XRP wallet with 5.755 million tokens or more as the crème de la crème of the XRP community.
Interestingly, this most exclusive category of XRP holders underwent a benchmark dip from 6 million tokens in August. Concurrently, the next strata, the top 0.1% of holders, demand balances of at least 449,490 XRP ($234K). These accounts tally up to 4,784 wallets. On a broader spectrum, the top 1% have a threshold of 67K XRP ($35K) spread across 47,840 accounts.
Furthermore, those aspiring to be among the top 5% need to amass at least 11,177 XRP ($5,820). Data reveals an increase in these addresses, now over 239K compared to 236K last month. Mirroring this rise, the top 10% category also saw an uptick: from 473,525 in August to 478,405 presently, each holding a minimum of 3,583 XRP ($1,866).
Millionaire Addresses: A Minute Dip
Contrasting with the growth in top tiers, XRP‘s millionaire club, those with at least 1 million XRP, saw a marginal contraction. From 1,997 wallets in August, the count has edged down to 1,994.
When dissected further, these millionaire addresses span seven tiers based on their XRP balance. The most populous tier, holding between 1 million and 5 million XRP, claims 1,460 wallets. Those possessing between 5 million and 10 million XRP number at 157, while the bracket of 10 million to 20 million XRP holds 154 wallets. Institutional players like Ripple and major exchanges often have addresses in the topmost categories, such as the 24 wallets holding between 500 million and 1 billion XRP.
Notably, this latter group hasn’t shrunk, but the ultimate elite with over 1 billion XRP has reduced from 5 to 4 since the previous month.
