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Prominent $XRP influencer reveals intriguing $XRP distribution insight as on-chain data suggests that the top 5% $XRP holders own 11,000+ $XRP.
Crypto Assets Guy, a prominent $XRP influencer, recently took to Twitter to share an intriguing insight about the distribution of $XRP holdings. He emphasized that any $XRP holder with a balance of at least 11,000 $XRP is among the top 5% of holders.
If you hold more than 11,000 $XRP you are on the top 5% holders
LFG 💪🏼
— Crypto Assets Guy (@cryptoassetsguy) August 8, 2023
On-chain Data Validates Claim
Data from $XRP rich-list.info corroborates this claim, shedding light on the distribution patterns among $XRP holders. Notably, the platform reveals that a substantial number of $XRP accounts fall within the 10,000 to 25,000 $XRP holding range.
In particular, 142,506 accounts fall into this bracket. Collectively, these accounts hold an impressive 2,163,069,440. $XRP.
Delving into the specifics, the top 1% of the $XRP rich list, which amounts to 47,352 individuals, possess at least 69,409 $XRP each. Also, 236,762 accounts representing the top 5% hold over 11,011 $XRP each.
Further down the list, the final segment comprises 473,525 accounts, with holdings of 3,514 $XRP each. This group makes up the top 10% of the rich list.
Interestingly, a rarefied group of just 474 individuals stands out as exceptional holders. Each possesses a remarkable 6,064,380 $XRP or more. This select group represents the top 0.01% of the entire rich list. The percentage further underscores the small concentration of wealth within the $XRP ecosystem.
Meanwhile, the data shows that at least 1,997 accounts hold one million $XRP and above. Particularly, 1,461 crypto investors hold one to five million $XRP. Cumulatively, the group commanded 2,706,555,306 $XRP valued at $1,702,423,287.
The Contributing Factor
As The Crypto Basic disclosed last month, the $XRP ecosystem witnessed a surge in investor interest following the clarity of $XRP’s regulatory status. About a month ago, the US court ruled in favor of the $XRP community that $XRP is not a security but a digital asset.
Concurrently, $XRP trading volume burgeoned, putting it in a rivalry race against market bigwigs Bitcoin (BTC) and Ethereum (ETH). Interestingly, a top data analytic firm ranked $XRP as the top traded altcoin of 2023, as The Crypto Basic reported.