In a landmark achievement for the XRP ecosystem, the number of active XRP wallets has surpassed 5 million for the first time.
XRPScan, the leading XRP Ledger explorer, recently announced this milestone on X (formerly Twitter), marking a significant growth phase for the cryptocurrency.
The XRP Ledger has surpassed 5 million active accounts: https://t.co/FNRMYddB5Y
— XRPScan (@xrpscan)
This breakthrough comes after nearly two years of stagnation, with XRP holder counts lingering around the 4 million mark before this surge.
Key Statistics on XRP Holdings
At the time of reporting:
- Active XRP addresses: 5,000,315
- Total XRP held: 99.98 billion (99,988,011,262 XRP)
- Fully diluted valuation: $56.41 billion
Breakdown of Token Distribution
- Escrowed XRP: 40.5 billion (locked)
- Circulating supply: 59.46 billion
- Burned XRP: 11,988,738 (permanently removed)
👉 Discover how top exchanges manage XRP liquidity
Top Holders of XRP
Institutional & Exchange Holdings
- Ripple dominates with ~40 billion XRP in escrow and ~5 billion in spendable wallets.
- Crypto exchanges like Binance, Uphold, UPbit, and Kraken follow closely.
- Chris Larsen, Ripple’s Chairman, holds over 2 billion XRP across five wallets.
Wallet Distribution Insights
- Whale addresses (500M+ XRP): Only 85 wallets.
- Small holders (<20 XRP): 1,520,402 addresses.
- Mid-tier holders (20–500 XRP): 2,409,294 wallets, collectively owning 181.99 million XRP.
Why This Milestone Matters
The growth in XRP adoption signals:
- Increasing trust in the XRP Ledger’s utility.
- Broader institutional and retail participation.
- Potential for higher liquidity and ecosystem development.
👉 Learn how XRP compares to other major cryptocurrencies
Frequently Asked Questions (FAQs)
1. How does XRP’s circulating supply affect its price?
XRP’s price is influenced by its circulating supply (59.46 billion), escrow releases, and demand from payments/remittance use cases.
2. Who owns the largest XRP holdings?
Ripple and its executives (like Chris Larsen) hold significant amounts, alongside major exchanges facilitating trading.
3. What’s the significance of burning XRP?
Burning reduces total supply, creating deflationary pressure. However, XRP’s burn rate is minimal compared to its total supply.
4. Can XRP reach new all-time highs with this growth?
While adoption is positive, price depends on broader market trends, regulatory clarity, and Ripple’s partnership expansions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct independent research before investing.
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