© Reuters
NEW YORK – The XRP Ledger, a blockchain platform associated with the digital currency XRP, has reached a new high with more than 5 million wallet addresses registered. This step is part of a period of resurgence in the broader cryptocurrency market, marked by the rise of bitcoin above the $45,000 threshold.
Ripple, the company closely linked to the XRP ledger, owns a significant portion of XRP, with around 45 billion tokens in escrow and usable accounts. A ledger analysis reveals that the majority of XRP holders own a modest amount, with twenty to five hundred tokens in each wallet. This distribution indicates a large user base with more modest investments in the digital asset.
Additionally, data shows that over two million XRP accounts collectively hold approximately one hundred and eighty-two million XRP. The total value of XRP’s supply, which is around 100 billion tokens, is currently estimated at USD 56.41 billion.
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