Simon McLoughlin, CEO of American Exchange Uphold, praises XRP holders for their trust and dedication to the platform.
He said XRP holders remain in their support based solely on trust, not hype.
McLaughlin expressed this view in a tweet over the weekend, clarifying his report on the vast amount of XRP tokens.
You can see that @upholdinc is listed as the largest $XRP holder.
However, these assets belong to you, not us.
People remember who stood strong during difficult times.
This “retention” is built on trust, not hype.
A big difference. pic.twitter.com/rob8sbn2cf
– Simon McLoughlin (@smcloughlin00) September 14, 2025
Maintains between top XRP holders
In particular, the exchange is ranked among the top four largest XRP holders after Ripple. Specifically, one of Uphold's wallets has a $1.579 billion XRP, worth nearly $5 billion.
Besides Ripple, the only wallets that hold more XRP than Uphold have 1.853 million and 1.638 billion tokens, respectively.
Meanwhile, in his tweet, McLoughlin made it clear that while it is normal to secure spots among large XRP holders, these holdings are assets entrusted by users, not Exchange's own portfolio.
He went on to explain why XRP users chose Uphold's service over many other central exchanges. He says people remember those who stood by their side during difficult times.
For context, McLaurin was referring to the period in late 2020 and early 2021, when many US exchanges distanced themselves from XRP. They listed the coin after the SEC filed a lawsuit against Ripple.
Nevertheless, Uphold maintained its position, continued to support XRP through the lawsuit, and did not abolish the coin. This was the only major US exchange that did not follow this trend. It has continued to give us investors to be exposed to assets during tough legal times.
Why not discontinue XRP?
In an interview in 2023, UPHOLD CEO explained his decision to continue the XRP list. He pointed out legal advice from Mike Zpon, the former head of the SEC office, as a guide. When the SEC filed a complaint against Ripple in December 2020, Zupon advised that it could support XRP as the court has not yet decided the trial and therefore does not maintain security status.
dowhold believed it was appropriate to maintain the XRP transaction until the court's decision said otherwise. Interestingly, this further strengthened their stance as when the SEC made it clear, it never asked for XRP to be removed. This official statement further validates Uphold's trust in continuing to support XRP.
This commitment maintained a strong reputation among XRP holders. To this day, XRP continues to be the most popular crypto asset on the platform.
“Holding is built on trust, not hype.”
In particular, the amount of XRP that users hold on the exchange will prioritize Bitcoin Holding by more than 10 times more than 10 times more than 10 times more when considering other centralized exchanges.
Specifically, while Uphold users' Bitcoin is worth $506.6 million, the exchange users' XRP is worth more than $61.9 billion, making it the largest crypto asset under its custody.
Commenting on this, McLaughlin said building blocks are trust, not hype. That makes a huge difference.
