Uphold Surpasses Ripple as Largest XRP Wallet Holder with 2 Billion Tokens

Uphold, a prominent cryptocurrency exchange, has recently surpassed Ripple to become the largest single XRP wallet holder. This shift was highlighted by Xaif, a well-known crypto influencer, who shared data indicating that Uphold now holds over 2 billion XRP, valued at approximately $3.7 billion. The wallet in question, confirmed to be associated with Uphold, shows a total XRP balance of 1,833,932,521 XRP and was last active on April 11, 2025, at 9:54 PM UTC, suggesting ongoing maintenance and activity.

Uphold's position as the largest XRP holder is significant given its long-standing support for the cryptocurrency. Throughout Ripple's legal conflict with the U.S. Securities and Exchange Commission, Uphold continued to list and provide access to XRP, demonstrating its commitment to the asset. This loyalty has been noted by the XRP community, and Uphold's accumulation of over 2 billion XRP further reinforces its alignment with long-term XRP holders and confidence in the asset's future utility.

While Ripple still controls a substantial volume of XRP through its escrow mechanisms and company wallets, Uphold's holdings represent the most significant number of tokens in a single wallet. This development underscores the growing role of private platforms in distributing large-scale XRP holdings and reflects Uphold's deliberate approach to long-term positioning within the XRP ecosystem.

The presence of an exchange at the top of the XRP wallet rankings could influence how institutional and retail participants assess the asset's distribution. Uphold's visible support and sustained involvement may strengthen its standing among XRP holders while reinforcing confidence in the token's infrastructure and accessibility. This shift signals a growing role for private platforms in the distribution of large-scale XRP holdings, with Uphold's accumulation reflecting a deliberate approach to long-term positioning within the XRP ecosystem.