The XRPScan portal recently provided an update on the richest XRP holding accounts, with added filtering and selection capabilities. In this article, we will delve into the top accounts holding billions and millions of XRP and provide a comprehensive analysis of the top 100 accounts. The number of active XRP accounts has now surpassed 4.56 million.
Notable players in the top five include Ripple and Binance, securing the top positions with 3.73 billion XRP and 2.32 billion XRP, respectively. An unidentified address has also managed to rank between these giants, boasting a balance of almost 1.38 billion XRP. The closest unidentified address ranks at sixth place, holding 770 million XRP.
Interestingly, South Korean exchange Upbit claims spots 15 through 24, with each address holding 500 million tokens, totaling 5 billion XRP. Previously, U.Today reported on abnormal XRP trading on Korean exchanges, particularly Upbit, where the token accounted for nearly 40% of total turnover during a recent XRP price boom.
Additionally, Coinbase still holds almost 1.7 billion XRP despite delisting the token over two years ago. With 106 addresses, Coinbase remains one of the top XRP holders today.
Top 100 XRP Accounts Analysis:
For a comprehensive analysis of the top 100 XRP accounts, we can draw several insights:
- Major exchanges and institutions dominate the list, with Ripple, Binance, Uphold, Kraken, and Bitbank leading the pack.
- Upbit, a South Korean exchange, holds a significant portion of XRP, accounting for ten spots in the top 100.
- Coinbase, despite delisting XRP, still holds a substantial amount in its addresses, indicating its potential future significance.
- Unidentified addresses hold vast sums of XRP, raising questions about the origin and purpose of these accounts.
- Many accounts in the top 100 have round balances, indicating possible strategic or coordinated holdings.
The top 100 XRP accounts reveal an intriguing mix of major exchanges, institutions, and unidentified addresses. Understanding the dynamics between these key players and their impact on the XRP ecosystem is crucial for investors and market participants alike.
