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XRP Millionaires Show Resilience Despite Bearish Crypto Market

  1. Home
  2. Bobs-News Categories Cryptocurrency Market Analysis
  3. XRP Millionaires Show Resilience Despite Bearish Crypto Market
global 720 crypto neutral
  • bob
  • 2023-09-03
  • Cryptocurrency Market Analysis
  • Cryptocurrency Regulations
  • Investment Insights
  • World
A small group of 1,987 XRP Millionaires currently hold an incredible 42.73 billion XRP, contributing to over 80 percent of the currency’s total circulating supply. Despite a bearish crypto market, specific categories of these “XRP Millionaires” are showing surprising resilience, even as others decline.The number of addresses holding between 5 and 10 million XRP increased from 160 to 168, revealing sustained confidence among a subsection of XRP millionaires. Conversely, wallets with holdings between 10 and 20 million XRP decreased by three, from 160 to 157. Addresses with 500 million to 1 billion XRP dipped by two, now totaling 22. The number of wallets with at least 1 billion XRP remains steadfast at five.Cumulatively, these high-value wallets have seen a slight reduction in their total holdings since August 10, when they held 42.92 billion XRP. This change indicates that more than 190 million XRP have left these wallets. The varying trends among different categories of holders could influence the long-term health and stability of the XRP ecosystem.

This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography Global
Countries
Sentiment neutral
Relevance Score 8
People None
Companies eToro, FAC, The Crypto Basic, FINRA
Currencies Ethereum, XRP, Bitcoin
Securities None

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