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XRP’s Biggest Holders: Introducing the Top Accounts Holding Fortunes in the Crypto

The post XRP’s Biggest Holders: Introducing the Top Accounts Holding Fortunes in the Crypto appeared first on Coinpedia Fintech News

The recent update by XRPScan has provided insight into the wealthiest XRP accounts, now boasting 4.56 million active users. This article delves into the largest holders of this popular cryptocurrency.

The Top Three

Ripple and Binance lead the pack, with Ripple holding a staggering 3.73 billion XRP and Binance not that far behind with 2.32 billion XRP. However, a mysterious address has managed to snag the second position, boasting an impressive 1.38 billion XRP. Other anonymous addresses on the list hold significantly smaller amounts, with the closest one ranked sixth and holding 770 million XRP.

South Korean Exchange Upbit Dominates Spots 15-24

South Korea’s largest exchange, Upbit, occupies spots 15 through 24, with each address holding a whopping 500 million tokens. The total sum held by Upbit amounts to 5 billion XRP. This comes after reports of irregular XRP trading on Korean exchanges, particularly on Upbit, where the token once accounted for nearly 40% of the total turnover during a recent price surge.

Coinbase Remains a Top XRP Holder

Despite delisting XRP over two years ago, Coinbase still possesses nearly 1.7 billion XRP across 106 addresses. This makes the prominent U.S. exchange a significant XRP holder.

XRP Trading Volume Spikes on KuCoin

According to CoinMarketCap, XRP stands as the second most traded token on the Seychelles-based KuCoin exchange, following Bitcoin. In the past 24 hours, XRP experienced a trading volume of $94 million, representing 11.16% of the total trade volume on the platform. 

Bitcoin, conversely, recorded a trading volume of $178 million, accounting for 19.26% of the total 24-hour trading volume. Notably, XRP ranks among the top five coins by weekly search popularity on KuCoin, which caters to over 20 million users across more than 200 countries.

XRP’s price has suffered as bearishness grows in the broader market, fueled by regulatory uncertainty following the SEC chair’s failure to address Congress’ inquiries.  XRP has struggled to recover, with bulls attempting to push the value above the 20-day EMA ($0.49) on April 19 and 20. 

However, bears have maintained selling pressure, causing the price to hover around the 200-day SMA ($0.41). XRP may continue to fluctuate within a broad range between $0.56 and $0.30. At the time of writing, XRP is valued at $0.45.

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