XRP News Today: XRP Rich List Reveals Thresholds for Top 10 and 1 Holders

A recent update to the XRP Rich List, shared by crypto influencer John Squire, outlines the minimum XRP balances required for wallets to enter the top 10% and top 1% of holders. According to the data, a wallet with just over 2,486 XRP is sufficient to be in the top 10%, while a balance of approximately 50,637 XRP grants entry into the top 1% [1]. These figures are based on publicly available ledger data and offer a snapshot of how XRP is distributed across wallets.

The analysis extends further into the wealth concentration within the XRP ecosystem. At the top end, the 0.01% tier includes only 663 wallets, each holding over 5.73 million XRP. The 0.1% bracket includes wallets with at least 369,080 XRP, and the 0.5% bracket requires over 100,000 XRP. These thresholds illustrate the high degree of centralization among top XRP holders [1].

Squire emphasized that many XRP holders might underestimate their position in the ecosystem. He suggested that individuals who believe they are "just getting started" may already be ahead of 99% of accounts based on the wallet data [1]. This message was shared on social media platforms, where it reinforced the perceived exclusivity of the top 1% and 10% groups. For instance, one post highlighted that 2,500 XRP is enough to join the top 10%, and 50,650 XRP qualifies for the top 1% [2].

However, the accuracy and usefulness of these metrics have been called into question by members of the XRP community. Some users pointed out that the data could be skewed by individuals holding XRP in multiple wallets, which inflates the number of accounts appearing in the top brackets. For example, one user estimated that the number of people holding over 50,000 XRP is closer to 1,200 individuals, rather than the 66,330 accounts identified as the top 1% [1]. Another user noted that many of the largest XRP wallets belong to centralized exchanges and are custodial accounts representing the holdings of thousands of users, further distorting the data [1].

These concerns highlight the broader challenge of interpreting wallet-based data for wealth distribution. The number of wallets does not equate to the number of individual holders, and the presence of multi-wallet users and custodial accounts complicates any assessment of true ownership concentration [1]. While the XRP Rich List provides a useful benchmark for understanding wallet distribution, it should not be taken as a definitive measure of individual wealth or influence within the ecosystem.

Despite these limitations, the data remains valuable for investors and analysts seeking to understand the structure of XRP ownership. According to the update, the top 3% of wallets require at least 16,299 XRP, and the top 5% require 8,758 XRP [1]. These thresholds offer a comparative framework for assessing an individual’s position within the XRP holder base, although they cannot account for the complexities of multi-wallet and custodial holdings.

The XRP Rich List update serves as a factual snapshot of current wallet balances and does not include speculative forecasts or investment strategies. It is based purely on on-chain analytics and should be interpreted with an understanding of the limitations inherent in wallet-based metrics. As with any on-chain data, the figures should be considered alongside broader market activity and trends for a more comprehensive view of the XRP ecosystem.

Source:

[1] Times (https://timestabloid.com/xrp-rich-list-update-just-dropped-how-much-you-need-to-join-top-10-and-1-holders/)

[2] X (https://x.com/thecryptosquire?lang=en)