Crypto Assets Guy (@cryptoassetsguy), a prominent crypto figure and expert, recently revealed the latest update of the XRP Rich List, providing insight into the distribution of XRP across various account holders.
Crypto Assets Guy attached an image showing how XRP holdings are distributed among different percentage ranks, illustrating the exclusivity of holding large amounts of XRP in the current market.
According to the updated data, to be in the top 10% of XRP holders, one must hold at least 3,029 XRP. This threshold gradually increases as the percentage rank gets smaller, with the top 5% requiring 10,125 XRP, and the top 4% needing 13,936 XRP.
The top 3% hold a minimum of 20,080 XRP, while those in the top 2% own at least 31,530 XRP. Moving further up the ranks, the top 1% of holders have a balance of at least 61,476 XRP, signifying a notable leap from the lower percentages.
The chart reveals that the gap between holders becomes even more pronounced at the highest levels. For example, those in the top 0.5% control 110,001 XRP or more, while the top 0.2% possess over 236,113 XRP.
At the highest tier, the top 0.1% hold at least 418,468 XRP, and to be among the elite 0.01%, an account must contain over 7,474,260 XRP, marking a stark contrast from the lower tiers.
This data highlights the concentrated ownership of XRP among a small percentage of holders, with the largest sums being controlled by only 532 accounts.
The Crypto Philosopher, a crypto pundit on X, recently showed the XRP community’s exclusivity by comparing the few XRP wallets to the human population. This comparison deepens that divide, as XRP holders take approximately 0.0006% of the human population. Comparing the top 1% of XRP holders brings this value down to 0.00000006%.
The data shared by Crypto Assets Guy further highlights the exclusivity associated with larger XRP holdings. It also provides an accessible framework for investors looking to gauge their standing within the digital asset ecosystem. The XRP Rich List offers a detailed view of the wealth distribution within the XRP network. It sheds light on how much XRP is held by top-tier investors.
Expectations of a massive XRP price surge are high, and being aware of where one’s holdings stand compared to the overall market provides a valuable perspective, particularly in such a fast-moving space.
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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Singapore, Singapore, 18th September 2024, Chainwire