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XRP whales control 68.5% of token supply, reaching highest level since 2022

Large XRP holders with at least 10 million tokens now control roughly 68.5% of the cryptocurrency's circulating supply, marking their highest concentration since November 2022, according to analytics platform Santiment.

Santiment chart showing XRP price and balance distribution for wallets holding 10 million or more tokens reaching 46.85 billion tokens.
Image: @Cointelegraph

Large XRP investors holding 10 million or more tokens have accumulated approximately 68.5% of the cryptocurrency's total supply, reaching their highest concentration level since November 2022, according to data from on-chain analytics platform Santiment.[1][2][3]

Santiment charts show that wallets holding at least 10 million XRP now account for a combined 46.85 billion tokens, reflecting ongoing accumulation while XRP traded near $1.29.[1][2]

The growing accumulation has reignited debate within the cryptocurrency market. According to Crypto Briefing, the heavy concentration of XRP among top holders raises concerns regarding potential market manipulation and presents challenges to the network's decentralization narrative.[3]

Key facts

  • XRP wallets holding 10 million or more tokens control approximately 68.5% of the token supply, according to Santiment.
  • The 68.5% holding represents the highest supply concentration among 10M+ XRP whales since November 2022.
  • Wallets holding at least 10 million XRP collectively hold 46.85 billion tokens.
  • XRP was trading near $1.29 as large holders continued their accumulation.
  • Crypto Briefing reported that the rising concentration raises market manipulation concerns and challenges XRP's decentralization narrative.

Sources 路 3 sources

  1. WI

    Whale Insider@WhaleInsiderPost on X 路

    JUST IN: $XRP whales holding 10 million+ tokens now control around 68.5% of XRP's supply, their highest share since November 2022 - Santiment Intelligence. https://t.co/BPwC560qlo

    Open source
  2. CO

    Cointelegraph@CointelegraphPost on X 路

    馃敟 BULLISH: XRP whales holding 10M+ tokens now control about 68.5% of supply, their largest share since November 2022, as they keep accumulating with price near $1.29, per Santiment. https://t.co/4bIn0TMTA6

    Open source
  3. CB

    Crypto BriefingArticle 路

    XRP whales now control 68.5% of supply, the highest share since November 2022 The increased concentration of XRP among whales raises concerns about market manipulation and challenges the token's decentralization narrative. The post XRP whales now control 68.5% of supply, the highest share since November 2022 appeared first on Crypto Briefing .

    Open source