- A striking 77% of the 4.8 million XRP wallets hold under 500 XRP.
- Only a minuscule 0.041% of XRP wallets possess over 1 million XRP.
A Glimpse into the XRP Wallet Landscape
The dynamics of XRP‘s wallet distribution paints an intriguing picture for the discerning blockchain aficionado. Francis Bovine Swift, the mastermind behind the acclaimed XRPL analytical tool, Rich-list.info, recently shone a spotlight on these compelling metrics via a post on platform X. The core of his revelation pivots around the staggering realization that the vast majority of XRP enthusiasts—approximately 3.7 million wallets, to be precise—own less than 500 XRP.
Next time you are looking at the https://t.co/6hsVbQITMp site, and wondering where you stand, remember that out of the 4.8 million wallets, over 3.6 million wallets hold less than 500 XRP.
Factor this in to your estimates when factoring in the other 8 billion souls walking this… pic.twitter.com/C37QBI6hre
— FrancisBovineSwift 🏴☠️ 🧸 (@SwiftBovine) October 12, 2023
Breaking Down the Numbers
Delving deeper into the ledger statistics, it’s worth noting that the XRP Ledger currently boasts an impressive 4.8 million wallets. This represents a steady uptick from the brief dip observed in June—attributed to Poloniex’s move to axe thousands of wallets. In this vast sea of 4.8 million wallets, a commanding 77% fall within the 0 to 500 XRP bracket.
On the other end of the spectrum, the whales of the XRP world are a rare breed. Merely 1,972 wallets, a mere 0.041% of the entire pool, can lay claim to holdings north of 1 million XRP. Venturing further into the world of elite XRP holders, rich-list.info data unveils that only about 1% of wallets (around 48,099 accounts) hold a balance that equals or surpasses 66,950 XRP, roughly valued at $32,129.
Taking it up another notch, a select group of 4,810 wallets (around 0.1% of the total) boasts a balance exceeding 446,862 XRP, equivalent to a princely sum of approximately $214,449.
XRP: Still in its Nascent Phase
Perhaps the most striking takeaway from this analytical dive is the stark contrast between the number of XRP wallet holders and the global populace, which currently hovers above 8 billion. The 4.8 million XRP wallet holders account for a minuscule fragment of this number.
Such a juxtaposition brings to the fore an essential insight: the XRP ecosystem, in the grand scheme of things, is only just scratching the surface. With a world brimming with potential investors, the present XRP community members are essentially pioneers, positioning themselves at the vanguard of a looming digital currency upheaval. This sentiment resonates strongly with market analysts like EGRAG, who consistently advocate this burgeoning narrative.