XRP Ledger Hits 8 Million Wallets, Threshold for Top Holders Drops

The XRP Ledger has reached a new milestone with over 8 million wallet addresses. This growth in network participation has also lowered the amount of XRP needed to join the top tier of holders. According to the latest data, holding approximately 2,151 XRP is now sufficient for a wallet to be included among the largest XRP holders.

The thresholds have decreased over time as more wallets are added to the network. Previously, entering the top 10% required around 4,000 XRP, while the top 1% reportedly needed about 60,000 XRP. At current prices, purchasing 2,151 XRP would cost roughly $2,500.

Crypto analyst Crypto AiMan suggests that if XRP's market capitalization were to match Bitcoin's, the token could trade above $20 per unit. This would value 2,151 XRP at over $50,000. However, this is a hypothetical scenario based on market capitalization comparisons and not a price prediction.