-
bitcoin $84019.447670 USD
1.25% -
ethereum $2712.491439 USD
1.93% -
tether $0.999416 USD
-0.01% -
bnb $770.399630 USD
1.87% -
xrp $1.503744 USD
0.88% -
usd-coin $0.999770 USD
-0.02% -
solana $119.116077 USD
0.99% -
tron $0.337444 USD
0.01% -
zcash $1440.783800 USD
3.50% -
hyperliquid $89.310963 USD
4.64% -
dogecoin $0.095725 USD
2.86% -
chainlink $14.445578 USD
1.22% -
monero $550.443075 USD
2.47% -
cardano $0.253270 USD
4.58% -
unus-sed-leo $8.845500 USD
-2.04%
who owns xrp
Ripple Labs, the creator of XRP, holds the majority of the digital asset (52%), while institutional and retail investors collectively own approximately 44%.
Oct 26, 2024 at 01:28 pm
- Percentage of ownership: 46.5 billion XRP (approximately 52%)
- Background: Ripple Labs is the company that created XRP and the Ripple payment network.
- Use of XRP: Ripple Labs uses XRP as a bridge currency to facilitate cross-border payments.
- Percentage of ownership: Approximately 10 billion XRP (about 11%)
- Examples: Grayscale Investments, Three Arrows Capital, Coinbase Custody
- Motivation: Institutional investors hold XRP as a long-term investment, betting on its potential as a digital asset.
- Percentage of ownership: Approximately 30 billion XRP (around 33%)
- Background: Retail investors are individuals who buy and hold XRP independently.
- Motivation: Retail investors vary in their motivations for holding XRP, including potential profit, diversification, and a belief in its technology.
- Percentage of ownership: Approximately 1 billion XRP (about 1%)
- Purpose: Escrow accounts are managed by independent custodians and release XRP over time to support the development of the Ripple ecosystem.
- Percentage of ownership: Approximately 5 billion XRP (less than 6%)
- Background: This category includes XRP that has been lost, stolen, or is otherwise unaccounted for.
Note: The percentages and estimates provided are approximate and may vary over time.
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