A recent analysis by Edo Farina, CEO of Alpha Lions Academy, has shed light on the XRP holdings required to secure a place on the cryptocurrency’s rich list. Farina’s findings, shared in a widely circulated video, offer valuable insights into XRP wealth accumulation.
To be classified among the top 10% of XRP holders, investors currently need to possess 3,011 XRP tokens. This represents a significant decrease from the 3,299 XRP required in June 2024. The decline is attributed to the surge in XRP’s price, which has reduced the number of tokens necessary to attain this tier.
Farina made it known that approximately 523,615 wallets hold at least 3,011 XRP. However, it’s important to note that individuals may own multiple wallets, complicating the exact number of unique holders within this bracket.
To ascend to the top 5% of XRP holders, investors must own a more substantial amount – 10,099 XRP. Farina refers to individuals in this category as “sharks,” given their larger holdings. A total of 252,594 wallets currently meet this criterion.
Farina emphasizes the strategic importance of accumulating at least 10,000 XRP, advocating a dollar-cost averaging (DCA) approach to build this position. He posits that such holdings could yield significant returns as XRP’s price appreciates towards its ambitious target price points of $10 or even $100.
To be considered a “whale” and enter the exclusive top 1% of XRP holders, investors must hold a minimum of 61,237 XRP. According to the information provided by the analyst, 52,361 wallets satisfy this requirement.
Farina suggests that the scarcity of XRP, driven by factors such as token burns and locking in nostro/vostro accounts, could elevate the value of smaller holdings in the future, potentially bringing more investors into the rich list categories.
Farina’s analysis underscores the dynamic nature of the XRP rich list, influenced by price fluctuations and market conditions. While holding a substantial amount of XRP can increase an investor’s chances of significant returns, the cryptocurrency landscape remains volatile, and careful consideration should be given to individual risk tolerance and investment goals.
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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