XRP's Top 10% Balance Shrinks to 2,120 Coins
XRP's wealth distribution has seen another significant shift, with the number of wallets holding at least 2,120 XRP decreasing. According to recent data, only 2,120 XRP is required for a wallet to be included in the top 10% of holders by balance.
As of now, there are approximately 44 million XRP wallets in existence, but this number has been steadily decreasing as more and more users join the network. The data also shows that the majority of XRP's supply is still held by a small group of large investors.
This trend raises questions about the overall distribution of wealth within the XRP ecosystem, with some speculating that it may be a sign of increased centralization. However, others argue that this shift could indicate a more efficient market where larger holders are willing to part with their holdings at lower prices.