Decode XRP chip distribution. who has the most XRP? Is blockchain decentralization a shocking scam?

As of September 2025, the distribution of XRP tokens showed an "institutional trend under a centralized architecture": Ripple's substantial control: through absolute holdings of 42% of the total supply (42 billion pieces), of which 35 billion pieces are adopted by smart contract locking + monthly release mechanism, the company can accurately regulate circulation. Founder cashing out intensifies fluctuations: Chris Larsen personally holds 2.5 billion XRP (worth US$8.4 billion in 2025), and sold $175 million XRP at a single high of US$3 in July 2025, confirming that large players' operations directly impact the price. The exchange has become a retail asset pool: the custodian volume of platforms such as Upbit (6 billion pieces), Binance (2.7 billion pieces) accounts for 27% of the circulating market, but it is essentially the accumulation of retail assets, and the real user base is less than one million. Legal endorsement has given rise to whale monopoly: after the SEC withdraws the lawsuit, institutional holdings surged, holding 2,708 wallets above one million XRP (historical peak). The top 100 addresses control 68% of the supply, forming a fundamental conflict with the concept of decentralization. #XRP Shady Silence#Chip Concentration#Ripple Company Controls the Disposal#Whale Wallet#Exchange Hosting#On-Chapter Detective#House Unlock#Giant Cashout#Decentralized Controversy#Retail Investors Holding the Coin Threshold