An important update that might promote openness in the XRP community has been made by well-known explorer XRPScan. The platform said that it has updated its “Rich List” function, allowing any community member to accurately profile wallet interactions and determine who is holding more XRP.
In response to X user @CryptoC James, who informed the community about the difficulty of locating different Ripple-based escrow wallets, XRPScan made this change. The changes that have been implemented now highlight the wallets that are difficult to notice, making it simpler for any community member who wishes to investigate such data.
Addresses connected to blockchain payments startup Ripple Labs Inc. are in the top 12 places among the biggest holders of XRP, according to the most recent reorganisation. A total of 5,000,000,000 XRP are locked in escrow for each of the initial six addresses. Additionally, the escrow amounts in four of the wallets vary, ranging from 2,000,000,000 to 3,500,000,000 XRP, respectively.
Massive XRP sums that are not kept in escrow are also stored in wallets owned by Ripple. This category has two wallets: the more funded wallet with 1,541,294,080 XRP and the one with 1,960,027,032 XRP.
XRP whales are mostly exchanges
The XRP holding scene is dominated by Ripple Labs, however the majority of XRP whales are trading platforms where the coin is exchanged, according to XRPScan’s updated “Rich List”. Binance comes in second on the Rich List with 1,477,168,712 XRP, while Uphold, Ripple’s largest ally, has the largest wallet with over 1,372,766,274 XRP.
UPbit, bitbank, Bithumb, Coincheck, and Kraken are a few of the leading trading platforms that now carry XRP. Judge Analisa Torres’ most recent securities verdict and Ripple’s string of court victories over the SEC have helped to reposition XRP’s positive lustre and increase its appeal to these exchanges, several of which have relisted it recently.
