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How Many People Own XRP? Insights into XRP Ownership in 2023. 👀
- XRP Ledger's market capitalization has increased by over $12 billion year-to-date, showing a 73% growth in 2023.
- On October 27, 2023, data from Santiment revealed that 4.82 million wallet addresses hold at least 1 XRP (equivalent to $0.55).
- XRP Ledger is a pseudonymous network, making it impossible to determine precisely how many individuals own XRP, as one person can control multiple addresses without a known link between them.
- The data indicates a steady growth in XRP ownership over the last 11 years, averaging around 438,180 new addresses per year.
- Notably, the top 10 addresses own over 11% of the total XRP supply, valued at approximately $3.24 billion, and these addresses are primarily held by Ripple and cryptocurrency exchanges.
- If we consider the number of XRP addresses as its population, it is roughly equivalent to the population of Kabul, Afghanistan, which is around 4.6 million.
- This XRP population collectively holds approximately $29.48 billion in value, exceeding the GDP of Afghanistan, which is $14.79 billion.
In summary, the number of XRP addresses holding at least 1 XRP is around 4.82 million, but determining the exact number of XRP owners is challenging due to the pseudonymous nature of the network. Additionally, a significant portion of XRP ownership is concentrated in a small number of entities, including Ripple and cryptocurrency exchanges.
