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Altcoins & DeFi

XRP rich list shrinks as concentration increases, data shows

Image: CoinTurk News

Recent discussions among cryptocurrency enthusiasts have turned to the distribution of XRP holdings, following remarks by EasyA co-founder Dom Kwok on blockchain’s potential to transform global finance. Social media commentator RIZ drew attention to the current state of XRP ownership, highlighting a sustained contraction in the so-called “rich list,” which tracks the token holdings required to rank among different account tiers. Data shared by RIZ outlines a significant concentration of XRP among a relatively small number of wallets. The figures show that only 823 accounts, representing 0.01% of all XRP wallets included in the analysis, each hold at least 3,739,984.43 XRP. The distribution becomes less concentrated further down the ranking.

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