Brett (@Brett_Crypto_X), a well-known figure in the XRP community, recently shared a breakdown of the XRP Rich List on X. This list categorizes holders based on the amount of XRP in their wallets, assigning levels from “Shrimp” for those with at least 1,000 XRP to “Big Whale” for those holding over 500,000 XRP.
Such distinctions provide insight into the distribution and concentration of XRP, reflecting both market trends and investor engagement. It also serves as a benchmark for XRP investors looking to gauge their standings within the community.
Here’s the breakdown of Brett’s updated list:
Big Whale – Over 500,000 #XRP
Whale – Over 200,000 $XRP
Shark – Over 100,000 $XRP
Dolphin – Over 60,000 $XRP
Fish – Over 30,000 $XRP
Octopus – Over 15,000 $XRP
Crab – Over 5,000 $XRP
Shrimp – Over 1,000 $XRP
Brett’s post invited community members to share their status, sparking a broad range of discussion on where holders stand with others.
Other Opinions on the XRP Rich List
Crypto Assets Guy (@cryptoassetsguy), another well-respected crypto figure, has previously analyzed the Rich List, noting that significant accumulation tends to be within the hands of a few. As he observed, being in the top 10% of XRP holders requires holding around 3,029 XRP, whereas entry into the top 1% necessitates about 61,476 XRP.
This shows the disparity in holdings, as the higher tiers comprise a small percentage of the total community, indicating substantial concentration among top holders.
For many XRP investors, the Rich List can function as a motivator or a benchmark. Understanding where they stand within the list can be a useful motivator to accumulate tokens, especially during market volatility.
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Is it Time to Accumulate XRP?
The data highlights how wealth is distributed across the XRP network, giving insights into how the richest holders may influence price movements, especially given the impact that significant buying or selling activity from “Whales” or “Big Whales” can have.
For anyone looking for an opportunity to accumulate the digital asset, two separate analysts recently spotted crucial indicators that could send it up by over 71,000%. At press time, XRP traded at $0.5126 but many experts believe it won’t be at this price for long.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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