thecryptobasic.com
Popular $XRP commentator Edoardo Farina has emphasized how early current $XRP investors are in their exposure to the asset amid the broader market downturn.
At press time, $XRP is trading with a massive 12% dip, priced at $2.18. Meanwhile, $XRP touched $2.08 earlier today, marking a more significant 17% dip from the intraday high of $2.50.
While this price performance is concerning, Farina believes $XRP holders should be less worried about the price action. He stressed the significance of the earliness in $XRP by highlighting the small amount of tokens it takes to rank among the wealthiest $XRP holders.
Specifically, he pointed out that owning just 2,505 $XRP tokens is enough to be among the top 10% of addresses holding $XRP. Notably, out of $XRP’s 6.19 million wallets, only 619,661 addresses hold 2,505 or more.
This suggests that the broader spectrum of $XRP enthusiasts hold fewer than 2,500 tokens. Specifically, over 5 million $XRP wallets hold just 500 $XRP or fewer. Interestingly, despite their overwhelming numbers, their cumulative holding is around 224 million tokens.
Joining the Top $XRP Holders
Essentially, given the small number of holders in the top ten and the seemingly low barrier to enter the $XRP rich list, Farina has continued to emphasize the need for $XRP enthusiasts to make more efforts to be among the top holders. He believes those on the rich list stand a better chance of financial success than those holding lower amounts of $XRP tokens.
His calculation is that $XRP could be worth thousands per unit in the future. For instance, in a hypothetical scenario where $XRP is worth $1,000 per coin, wallets holding 2,505 $XRP would be millionaires.
Specifically, the value of the wallet would be $2.505 million. Meanwhile, it costs $5,460 to acquire this portfolio today, an amount out of reach for many.
Many Will Be Priced Out
For those expressing concerns about this amount being out of reach, Farina often reminds them that entering the 10% $XRP holder rank used to be a lot cheaper, particularly as of November 2024, when $XRP was last seen at $0.50.
At the time, acquiring 2,505 $XRP demanded a financial commitment of $1,252.50, but the amount has more than tripled since then. Farina believes many will continue to be priced out unless they take strategic steps to consolidate their $XRP holdings.
$XRP Army Remains Hopeful
Commenting on Farina’s latest post, an $XRP holder raised eyebrows about the $XRP millionaire dream often promoted in the community. She pointed out that she has been holding onto $XRP for many years, and throughout that time, she has heard endless good news about $XRP’s future that almost never actually came true.
“Regardless, I’m staying optimistic and will keep holding on,” she said.