In a recent feature, our editorial team presented an in-depth series examining the top ten wallets across various platforms, including Bitcoin, Ethereum, and the stablecoin Tether. Today, we turn our focus toward an exhaustive overview of the top ten XRP wallets, as derived from XRP’s list of noteworthy addresses.
Prominent XRP Wallets as of October 5, 2023
As of October 5, 2023, XRP retains its status as the fifth-largest digital currency by market capitalization. Its valuation received a boost following the rejection of the U.S. Securities and Exchange Commission’s intermediary appeal. Over the past 30 days, XRP’s value has increased by 5.2% against the U.S. dollar. Previously, CryptokenTop.com News had offered a comprehensive study of the ten leading wallets in Bitcoin, Ethereum, and Tether, each having its unique distribution model. For example, USDT is operational on several different blockchains.
Information obtained from xrpscan.com discloses that there is a fixed supply of 100 billion XRP, allocated across 4,801,934 active accounts. Out of this, 99,988,373,201 XRP is liquid, while 41,106,205,320 XRP is held in escrow. The XRP ledger employs various forms of escrow, most notably time-locked escrows that release funds only after a specific period has passed. Essentially, this portion of XRP remains in a designated account until certain pre-established criteria are met.
In the realm of the ten most substantial wallets, these accounts manage approximately 11.04% of the entire XRP supply, with the two leading wallets under Ripple’s control. The foremost wallet, known by its identifier “rMQ98” and attributed to Ripple (29), holds an impressive 1.96 billion XRP, or 1.96% of the total XRP supply. Ripple (39), recognized by its account number “rKveE,” holds 1.54 billion XRP, which equates to 1.541% of the total digital asset supply. Binance, the world’s largest cryptocurrency exchange by trading volume, occupies the third spot with its wallet “rEy8T,” which contains 1.47 billion XRP, valued at $787 million.
The wallet known as “rBEc9,” managed by Uphold, is in the fourth position with 1.37 billion XRP. Binance appears again in fifth place with its “rs8ZP” wallet, which holds 914 million XRP. In sixth place is Upbit’s “rDxJN” wallet, possessing 910 million XRP. Uphold reappears in the seventh slot with its “rsX8c” wallet, holding slightly more than 821 million XRP. Kraken’s “rUeDD” wallet holds the eighth spot, securing 740 million XRP. Bitbank’s “rw7m3” wallet is in ninth place with 658 million XRP.
The tenth-largest XRP wallet adds an element of intrigue, as its ownership is yet to be revealed. Nevertheless, the “rEvwS” address holds 653,476,430 XRP, valued at approximately $348.27 million according to the current exchange rate. The top 20 wallets contain 16.26% of the circulating supply, while the top 50 control 26.69%. The top 100 accounts command a 33.15% share, and 277,000,000 XRP is earmarked on the BNB network.
It should be noted that Ripple Labs executives and co-founders Chris Larsen and Brad Garlinghouse are believed to possess substantial amounts of XRP, though exact numbers are not public knowledge. Co-founder Jed McCaleb sold off the remaining balance of his XRP holdings in 2022 and has transferred a cumulative total of 9 billion XRP from his account, colloquially known as the “Taco Stand.”
We invite you to share your perspectives and analyses on the subject of the top ten XRP wallets in the comment section below.
Frequently Asked Questions (FAQs) about Top 10 XRP Wallets
What is the primary focus of this article?
The primary focus of this article is an in-depth analysis of the top 10 XRP wallets as of October 5, 2023. It examines the quantity of XRP each of these wallets holds, their percentage of the total XRP supply, and their relation to the broader cryptocurrency market.
Who controls the two largest XRP wallets?
The two largest XRP wallets are controlled by Ripple. The wallet known by its identifier “rMQ98” holds 1.96 billion XRP, while the wallet identified as “rKveE” holds 1.54 billion XRP.
What happened to XRP’s value recently?
XRP’s value has recently increased by 5.2% against the U.S. dollar over the past 30 days. This appreciation came after a judge dismissed an interlocutory appeal from the U.S. Securities and Exchange Commission.
What is the total supply of XRP, and how is it distributed?
The total supply of XRP is capped at 100 billion. It is distributed across 4,801,934 active accounts. Of this, 99,988,373,201 XRP is liquid, and 41,106,205,320 XRP is held in escrow accounts.
How much of the total XRP supply is managed by the top 10 wallets?
The top 10 XRP wallets manage approximately 11.04% of the entire XRP supply.
What is unique about the tenth-largest XRP wallet?
The ownership of the tenth-largest XRP wallet is undisclosed, adding an element of intrigue. This wallet, known by its identifier “rEvwS,” holds 653,476,430 XRP, valued at approximately $348.27 million.
Are there any notable Ripple Labs executives with significant XRP holdings?
Though the exact amounts are not publicly disclosed, it is noted that Ripple Labs executives and co-founders Chris Larsen and Brad Garlinghouse are believed to possess substantial amounts of XRP.
What happened to Jed McCaleb’s XRP holdings?
Jed McCaleb, a co-founder of Ripple, sold off the remainder of his XRP holdings in 2022. Over the years, he transferred a total of 9 billion XRP from his account, known as the “Taco Stand.”
What percentage of XRP is held by the top 20, 50, and 100 wallets?
The top 20 XRP wallets hold 16.26% of the supply, the top 50 hold 26.69%, and the top 100 accounts command a 33.15% share of the circulating XRP.
What is the current position of XRP in the cryptocurrency market by market capitalization?
As of October 5, 2023, XRP is the fifth-largest digital currency by market capitalization.
More about Top 10 XRP Wallets
- CryptokenTop.com News Analysis on Leading Wallets
- xrpscan.com Supply and Distribution Data
- U.S. Securities and Exchange Commission
- Binance Official Website
- Uphold Platform
- Kraken Cryptocurrency Exchange
- Bitbank Exchange
- Upbit Cryptocurrency Exchange
- BNB Network Information
- Ripple Labs Executive Profiles