Despite ongoing litigation with the SEC, Ripple‘s cryptocurrency XRP continues to see strong demand from investors. Recent on-chain data reveals that the number of wallet addresses holding at least 5.75 million XRP, representing the top 0.01% of holders, has increased to 486, while the count of millionaire addresses has decreased to 1,970.
As of December 25, there were over 59 billion XRP coins in circulation, with a market value of approximately $34.44 billion. The top 10 addresses on the XRP rich list currently control about 11% of all existing XRP coins, which equates to a value of over $4 billion. Moreover, the top 50 holders possess more than 26.24% of XRP’s total circulating value, exceeding $10 billion.
The largest share of XRP coins is owned by Ripple, its Executive Chairman Chris Larsen, and CEO Brad Garlinghouse, who were cleared of all charges by the SEC in October. Major cryptocurrency exchanges such as Binance, Kraken, Uphold, and Bitbank also hold significant amounts of XRP.
A single Ripple-affiliated address holds nearly 1.96 billion XRP coins, making it the largest XRP holder. Centralized exchanges are believed to hold XRP coins primarily as reserves for customer deposits, with Binance being one of the largest XRP investors, with the top 10 addresses on the BNB Chain holding 168 million XRP.
The supply of XRP is capped at 100 billion coins. Ripple’s founding partners Chris Larsen, Jed McCaleb, and Arthur Brito initially received 20 billion XRP. McCaleb left the company in 2014 and has since sold all his XRP holdings, while the other founders are known to still hold the majority of their XRP.
Larsen is known to be one of the largest XRP holders with over 5 billion coins, with at least five addresses holding a combined total of 2.5 billion XRP attributed to him. Ripple CEO Brad Garlinghouse also owns a significant amount of XRP, although the exact number is undisclosed.