XRP Top 1% Entry Barrier Drops to 43,995 Coins
The balance required to enter the top 1% of XRP holders has dropped to 43,995 XRP, down from 64,077 XRP in January 2024. At the current price of $1.54 per XRP, this balance is worth approximately $67,753.
The thresholds for the top 2%, 4%, and 10% of holders have also decreased, standing at 21,500, 10,010, and 2,091 XRP, respectively. This decline is attributed to the growth in the number of XRP Ledger accounts. As of the latest data, 81,993 accounts now meet the top 1% threshold.
Qadir Ak, founder of Coinpedia, has been covering the blockchain and cryptocurrency space since 2010. He has interviewed several prominent experts in the field.
In other news, the XRP price has risen over 1.5% to near $1.51 in the past 24 hours. Additionally, Armada Acquisition Corp. II (XRPN) shares surged about 273% last week to $39.42, while SpaceX stock saw a 7% rally.