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XRP Rich-list Stats show only 0.01% of total XRP accounts hold $3.848 million

Shirly McCoy

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XRP Richlist Stats show only 0.01% of total XRP accounts hold $3.848 million
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The latest XRP wealth distribution statistics showed interesting insights into rising trends by the XRP holders over a period of three months. According to the latest XRP Richlist Stats, which monitors the trend line for the XRP wealth distribution, only 0.01% of the total XRP accounts have a balance of more than 14,231,299 XRP, which, at the time of writing, would amount to $3.848 million during 3rd June to 26th August. The figures do not take escrowed XRP into account.

Additionally, o.1% accounts had a balance between 14,231,298 and 723,050 XRP, while 10% of the total XRP accounts recorded a balance within the range of 9,574 – 2,628 XRP during the same time period. The trend for this range has been on a decline, i.e, number of accounts in this range has been decreasing. An increasing trend was seen in accounts within 133,507-9,575 XRP range. This accounted for 5%.

The stats also stated that 1% of the total XRP accounts have a balance between the range of 133,507-67,781 XRP, a trend that has seen a significant upward momentum over the said time period. Another range that witnessed a rising trend had balance from 67,780-30,784 XRP  which accounted for 2%.

The XRP Rich list was developed by XRPL Labs’ Lead Developer Wietse Wind, showed a staggering decline in terms of XRP distribution among the accounts. According to a screenshot posted by the developer on June 15, 2018, 0.01% accounts had a balance with more than 20,140,900 XRP.

Shirly is a full-time member of the Editorial team of AMBCrypto. She is a Finance major and understands that blockchain is the key to a decentralized and equal market. Her previous work can be found on Medium, Blogger and Steemit. She held value in Bitcoin and Ether prior to being a writer here to "understand the FOMO" in the retail cryptocurrency space. Shirly is available at [email protected]

2 Comments

2 Comments

  1. Avatar

    harpool

    August 27, 2019 at 5:13 am

    Wouldn’t it be foolish for someone to keep all their XRP in just one account? … I mean, if you have millions of XRP, then who cares about the 20 XRP reserve to open additional accounts in order to spread your risk thinner. Know what I mean? Ergo, this report from Wieste Wind is of no value…nor is the article. No offense to them, you or XRP, mind you. One doesn’t have to be trained as a scientist (even though I am) to spot this galaxy-sized hole in the data analysis.

    • Avatar

      Abraham

      August 28, 2019 at 2:02 am

      I believe this article points out the small percentage of wallets that hold large amounts of XRP! One might argue that if you own millions of XRP then there is not much of a spread in distributng a couple million in a few different accounts just to hide one total net worth in XRP. The logical reason to hold multiple accounts would be for transferring/selling certain amounts at different times which would be transparent on the Ledger. By the way,this is not a report from Wieste Wind…it is an updated website called Ledger.exposed created by Wieste Wind. you can find this information plus more for free. The Rich list shows me at the least how many wallets are holding a Globally Traded Asset compared to the global population. Also take a look at XRParcade by Leonidas for extensive data even a Scientist can decipher with minimal theoretical interpretation. Just kidding. Have a wonderful day sir.

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