Ripple Labs Inc. has been resilient in the face of its three-year-long lawsuit with the United States Securities and Exchange Commission (SEC). Despite the enforcement action which imparted negatively on its associated cryptocurrency XRP, the coin has remained one of the top digital currencies globally.A deep exposition has been made into what is now tagged, XRP Rich List. On the list is Chris Larsen, Brad Garlinghouse and Binance exchange. The first Ripple address on the list holds 1,960,027,012 XRP while the second one has 1,765,294,075 XRP tokens. Chris Larsen, Ripple’s former Chief Executive Officer (CEO) and Co-founder, holds a total of 2.5 billion XRP.Centralized exchanges and crypto lenders like Binance, Kraken, Uphold, Bitbank, and others also featured on the XRP rich list. By percentage, these crypto lenders and centralized exchanges hold more XRP tokens than other investors in the ecosystem and most of their wallet addresses hold XRP worth hundreds of million.XRP whales have a cumulative XRP holding of about 10,799,000,000 XRP tokens, and at the current market value, this is worth approximately $4.9 billion. They represent 10.8% of the total XRP fixed supply. Taking the next 40 highest addresses into consideration, XRP top 50 whales hold 13,200,000,000 XRP, representing 26.4% of the entire circulating supply. The remaining supply of 73.6% is held by other addresses. It is likely that the number of these XRP whales will increase in the coming days in response to Ripple’s partial victory against the SEC. Already the Ripple blockchain has begun to see some increased whale activity.
This News Article was automatically generated by Bob the Bot(AI)
This News Article was automatically generated by Bob the Bot(AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | Uphold, Chris Larsen, Brad Garlinghouse, Bitbank, Binance |
| Companies | Kraken, Uphold, Bitbank, Binance, Ripple Labs Inc. |
| Currencies | XRP, COIN, None, Ethereum, Bitcoin |
| Securities | None |
