As 2024 ends soon, we decided to delve into some important XRP statistics to provide crucial insight into the digital asset’s investment landscape.
Recent data from rich-list.info highlights the distribution of XRP across accounts, shedding light on the asset’s ownership. As of the latest analysis, there are 5,767,344 XRP accounts, collectively holding 61,9 billion XRP. This brings the average balance per account to 10,741.25 XRP.
Distribution Insights
The distribution remains concentrated among a relatively small number of high-balance accounts. For instance, only 6 accounts hold over 1 billion XRP, totaling 7.89 billion XRP.
There are 22 accounts with balances between 500 million and 1 billion XRP, holding a combined 11.79 billion XRP. Accounts with balances between 100 million and 500 million XRP are 57, with a cumulative balance of 11.8 billion XRP.
In contrast, smaller accounts dominate the lower ranges. 2.45 million accounts hold between 20 and 500 XRP, collectively accounting for only 189.29 million XRP. 2.21 million accounts hold less than 20 XRP, with a combined balance of 23.92 million XRP.
These figures show a pronounced disparity in XRP holdings, with the largest accounts owning the majority of the total supply. Whales are not new in the XRP ecosystem, but this data shows the concentration of massive amounts of XRP among just a few investors.
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Current Market Performance
With XRP currently trading at $2.29, the average account balance of 10,741.25 XRP translates to approximately $24,597.46. This valuation shows how even average XRP holders have thousands of dollars.
This distribution reflects broader trends within the cryptocurrency space, where whales exert significant influence. For XRP investors, understanding these dynamics is critical, as the concentration of holdings may impact liquidity, price stability, and more.
This distribution also shows the growth in the market over the past few months. A similar analysis in late August showed the average XRP holder at 12,350.86 XRP.
Although the average amount of tokens held has dropped slightly, the current value is more than three times the valuation of $7,214.13 from August, and the lower XRP amount can be explained by investors taking profits during the recent price rally.
The XRP ecosystem continues to grow, with millions of accounts participating. With notable developments like the recent launch of Ripple’s RLUSD stablecoin, the ecosystem’s growth is expected to accelerate.
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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