The XRP Ledger, the blockchain platform associated with the digital currency XRP, has achieved a noteworthy milestone by registering over 5 million wallet addresses. This achievement coincides with a resurgence in the broader cryptocurrency market, marked by Bitcoin‘s recent climb above the $45,000 threshold.
Ripple, closely affiliated with the XRP Ledger, holds a substantial portion of XRP, totaling about 45 billion tokens across escrow and spendable accounts. A comprehensive analysis of the ledger indicates that the majority of XRP holders maintain a modest quantity, ranging from twenty to five hundred tokens in each wallet. This distribution pattern suggests a diverse user base with smaller investments in the digital asset.
Further examination of the data reveals that over two million XRP accounts collectively hold approximately one hundred eighty-two million XRP. With the total XRP supply approaching 100 billion tokens, the current estimated value stands at $56.41 billion USD. This data underscores the widespread adoption of XRP, as a multitude of users participate in the network with varying levels of investment, contributing to the platform’s overall robustness amid the evolving landscape of the cryptocurrency market.
