A recent tweet by the XRP Ledger (XRPL) validator, VET, has drawn attention to the XRP Rich List Summary, a detailed platform developed by a Japanese developer.
The tool offers valuable insights into XRP wallet distributions and labeled wallet holders, serving as a resource for anyone interested in tracking XRP ecosystem data.
In his tweet, Vet highlighted key features of the platform, emphasizing its utility for casual users and industry professionals.
Have you checked out this XRP Rich List 🤗?
I like how you can scroll through the labeled wallet holders + detail view.
No surprise that the top wallets holding XRP are usually major exchanges. South Korean🇰🇷 exchange Upbit with over 6B XRP. https://t.co/C8GZs8yAXl pic.twitter.com/SN2ckv0dD7
— Vet (@Vet_X0) December 15, 2024
The XRP Rich List Summary provides an extensive breakdown of wallet balances on the XRP Ledger (XRPL), categorizing them based on wallet ownership and activity.
Major exchanges such as South Korea’s Upbit, holding over 6 billion XRP, dominate the top rankings. However, the list extends beyond exchanges, labeling wallets linked to Ripple executives, corporate entities, and individual investors.
Features of the XRP Rich List Summary
One of the tool’s standout features is its labeling system, which identifies the owners of prominent wallets. According to VET, wallets associated with Ripple, Binance, Coinbase, Chris Larsen, and Arthur Brito are marked.
The platform also provides the number of wallets tied to these entities—for instance, Ripple reportedly operates 87 wallets, Binance manages 26, and Coinbase has 542. These labels allow users to understand the concentration of XRP holdings across the network.
The wallet balance distribution is another critical feature, showcasing holdings over different timeframes, such as the past 7 or 30 days. This allows users to analyze trends in XRP accumulation or distribution. Additionally, the tool tracks wallet changes, offering insight into shifting balances within labeled wallets.
An interactive heat map visually represents the data, aiding in understanding the spread of XRP ownership. For transparency, the platform updates hourly, ensuring users have access to the most recent data. The tool pulls its data from XRP Scan and the XRP Ledger (XRPL) directly, relying on XRP Scan’s robust labeling system for accuracy.
Unlabeled and Unknown Wallets
While the platform excels in providing clarity about labeled wallets, it also acknowledges the presence of unknown wallets in its rankings. For example, the second-largest wallet, holding approximately 20 billion XRP, remains unidentified.
As community members or wallet owners disclose their identities, the platform updates its labels accordingly. This flexibility ensures that the tool remains dynamic and evolves with the XRP ecosystem.
Importance of the XRP Rich List
The XRP Rich List Summary is an essential resource for understanding the distribution of XRP holdings, especially as transparency and accountability continue to be focal points in the cryptocurrency industry.
It offers investors, analysts, and enthusiasts a clear view of wallet balances and changes, which can be critical in assessing market trends and identifying key stakeholders in the XRPL ecosystem.
The tool also sheds light on significant exchanges, with Upbit, Binance, and Coinbase leading the pack in XRP holdings. Understanding how these wallets interact with the XRP Ledger provides deeper insights into the overall health and functionality of the network.
For those interested, the tool is accessible at xrp-rich-list-summary.shirome.net, and its evolving data will undoubtedly continue to serve as a vital resource for the XRP community.
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