Recent data from the XRP Rich List shows that the number of accounts holding 10,000 or more XRP tokens remains incredibly low.
Launched over 13 years ago, XRP remains one of the oldest cryptoassets. still going on Stay relevant in the market, top 5 position. At its current price of $2.24, XRP has risen an impressive 38,190% since it began trading on the public market, according to CoinMarketCap data.
Is the XRP market still in its early stages?
For context, a 38,000% increase turns a $10,000 investment into a $3.81 million fortune, enough for some investors to retire. As a result of this historic performance, several investors who recently entered the market, among others, continue to expect similar returns. analyst claim The market is still early.
Interestingly, recent data highlighted by pseudonymous market watcher Cryptobilbuwoo supports this theory. market experts pointed Data from the XRP Rich List shows that only 330,000 accounts hold more than 10,000 XRP tokens.
This was the latest iteration of consistent disclosures made by analysts regarding wallet balances. In a previous comment, Cryptobilbuwoo claimed: “They want to take you out of the game.” Extensive mention speculation Within the XRP community, large institutions I'm looking for takeout retail holdings To store remaining XRP supply.
Notably, these speculations have not been proven at the time of writing, but Cryptobilbuwoo's comments indicates While individual investors continue to reduce their holdings, whale balances are decreasing. increase. “People are holding less and less XRP.” the analyst pointed out.
Only 330,000 wallets can hold 10,000 or more XRP
Currently, he draws attention to the fact that only a minority of people currently hold more than 10,000 XRP, which is currently worth $22,400. in press time, Owned by exactly 329,176 accounts 10,000XRP and more.
XRP rich list
By the way, this is only 4.39% of the total existing XRP wallets (currently 7,488,982). However, Cryptobilbuwoo pointed out that the actual number of people holding more than 10,000 XRP could be much lower than 329,000 as some investors have multiple accounts.
Meanwhile, out of 329,000 wallets holding 10,000 XRP or more, only 1,980 hold at least 1 million XRP XRPonly 0.026% of the total number of wallets on the ledger. further awayaccounts with at least 10 million XRP ($24 million) add up Only 508 in the world.
Notably, BTC is currently trading at $92,000, so 10,000 XRP ($22,400) is equivalent to approximately 0.25 BTC. Meanwhile, on-chain data shows that a whopping 4.456 million wallets hold at least 0.1 BTC, with 975,675 of them holding 1 BTC or more.
and big Regarding the difference between the number of Bitcoin and XRP addresses and their balances, commentators in the XRP community have continued to argue that the XRP market is in poor condition. still very earlyis urging investors to get in now. However, it is important to note that there is no guarantee that XRP will generate as much ROI as investors imagine.
