XRP Rich List Update Just Dropped: How Much You Need to Join Top 10% and 1% Holders
Main Idea
A recent XRP Rich List update reveals the amount of XRP needed to be in the top 10% and 1% of wallets, sparking community debate about the accuracy of wallet-based metrics.
Key Points
1. A wallet holding just over 2,486 XRP places its owner in the top 10% of XRP accounts, while 50,637 XRP is needed for the top 1%.
2. The top 0.01% tier includes only 663 wallets, each holding over 5.73 million XRP.
3. Crypto influencer John Squire noted that many XRP holders may underestimate their position, as some may already be in the top 1% without realizing it.
4. Community members argue that wallet-based metrics are skewed because many individuals hold XRP across multiple wallets or on exchanges, which complicates ownership distribution analysis.
5. Despite limitations, the figures provide a general benchmark for understanding XRP wealth concentration.
Description
A new XRP Rich List update was recently shared by crypto influencer John Squire, highlighting the distribution of XRP holdings across wallets and offering fresh insight into how much XRP is required to be ranked among the top percentage holders. According to the data, a wallet holding just over 2,486 XRP now places its owner in the top 10% of XRP accounts. Furthermore, a balance of 50,637 XRP is enough to rank within the top 1% of wallets by holdings. The chart shared by Squire, originally compi...
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