1 days ago
XRP, the native cryptocurrency of the Ripple network, has seen its price grow massively in recent months, allowing it to overtake many other large-market cap cryptocurrencies. At the time of writing, XRP is the third-largest crypto by market cap, and current buying trends suggest it might stay there for a while. As of January 25, 2025, the altcoin has a total supply of 100 billion tokens, with approximately 57.64 billion currently in circulation. Notably, a significant portion of this circulating supply is concentrated among a small number of wallets. Specifically, the top 10 addresses hold about 20.99% of the circulating supply, while the top 50 addresses control approximately 53.3%, which raises the question about the distribution of wealth in the ecosystem and who stands to benefit the most from the price rally. Top 20 Wallets And Their Dominance Over XRP Supply The largest XRP holdings are primarily associated with Ripple Labs, its founders, and major cryptocurrency exchanges. In terms of numbers, data from Coincarp shows that out of the 4,840,747 addresses, the top 20 holders, the top 50 holders, and the top 100 holders hold 50.31%, 63.74%, and 71.76% of the circulating supply, respectively. Related Reading: XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue According to distribution data, Ripple Labs currently owns around 46 billion XRP tokens, although most are locked in escrow. These tokens are released periodically in pre-set amounts, limiting Ripple’s ability to freely access or manipulate the escrowed funds. Even with these restrictions, Ripple Labs holds a considerable amount of liquid XRP. Data from blockchain explorer Bithomp indicates that one of Ripple’s wallet addresses alone contains over 1.3 billion XRP. Also, Ripple Labs co-founder Chris Larsen is the largest individual holder of XRP, holding over 5 billion tokens, making him one of the wealthiest individuals in the ecosystem. Major exchanges like Binance and Uphold also manage significant reserves. For instance, one of Binance’s wallets holds over 1.3 billion XRP, accounting for approximately 1.33% of the circulating supply. South Korean-based crypto exchange Upbit also holds about 4.38% of the total supply, among a few other exchanges. Holding Distribution: Anything To Fear? These large-scale holdings by exchanges and Ripple-related entities paint a picture of an XRP ecosystem dominated by a relatively small group of stakeholders. However, when you think about it, these large holdings are not in the hands of any private company or individual that would potentially be at risk of manipulating the price for their benefit. Related Reading: XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board Furthermore, the bulk held by exchanges represents aggregated assets belonging to thousands, if not millions, of individual users. As such, their concentration in exchanges does not pose any unnatural risk to the natural price dynamics for XRP. At the time of writing, XRP is trading at $3.10, having recently reached a seven-year high of $3.38. Featured image from Medium, chart from Tradingview.com
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XRP News Binance Blockchain Explorer Bithomp Coincarp Ripple Upbit xrp XRP Ecosystem xrp news XRP Price XRPUSD xrpusdt
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bitcoin Liquidation Risks: What Happens if BTC Falls Below $100,000?
On January 27th, COINOTAG reported significant indicators from Coinglass data regarding Bitcoin’s market behavior. Should Bitcoin experience a decline below the critical threshold of $100,000, it could trigger cumulative long NewsBTC
Best New Meme Coins to Invest in This Week: Spotlight on BTFD After NOT and SHIB’s Binance Listing
Cryptocurrency investments have evolved into more than just digital transactions; they’re now a gateway to immense growth opportunities, especially within the meme coin sector. The incredible stories of early backers of coins like Notcoin (NOT) and Shiba Inu (SHIB) who achieved staggering returns post their listings on Binance are testaments to the potential in these playful assets. With BTFD Coin (BTFD) now catching the eye and rumored for a Binance listing, the excitement is palpable. Could BTFD be the next big meme coin to explode in value? Let’s dive into why these coins are making waves and why you might want to jump on these opportunities this week. The Rise of Meme Coins: A Look at NOT and SHIB Meme coins have carved a niche for themselves in the crypto world by not just capitalizing on internet culture but by building substantial community support and demonstrating significant market resilience. Notcoin and Shiba Inu have both enjoyed their moments in the spotlight, largely due to unique branding paired with strategic community engagements that have propelled them onto platforms like Binance, garnering them mainstream credibility and skyrocketing their valuations. Notcoin , with its ironic twist on cryptocurrency norms, quickly became a favorite for its humorous take on the serious world of finance. Its appeal lies in its ability to mock the very industry it thrives in, offering a fresh perspective that resonated with a broad audience, leading to its viral success and subsequent listing on major exchanges. Shiba Inu , inspired by the Dogecoin phenomenon, leveraged a similar thematic charm but introduced additional innovations such as a decentralized exchange, ShibaSwap, and various token burns, which enhanced its value and utility. These strategic moves provided SHIB with a solid foundation, turning it from a simple meme coin into a formidable player in the crypto market. BTFD Coin: Unpacking Its Market Potential BTFD Coin stands out in today’s meme coin frenzy with its robust ecosystem designed for longevity and profitability. Here’s why BTFD is not just another meme coin, but a potential investment goldmine: Impressive Presale Numbers : Raising over $2 million quickly in its presale phase, BTFD has shown it’s a serious contender. The coin is currently selling at $0.00016. The presale is now at stage 14 and has raised $5.7M. High ROI Potential : Analysts have pointed to BTFD’s strong potential for high returns, particularly with its innovative market strategies and growing popularity. Staking Rewards : Offering substantial staking rewards, BTFD provides a passive income stream to long-term holders, enhancing its attractiveness. Play to Earn Gaming : Integrating blockchain technology with immersive gaming, BTFD’s P2E platform engages users and rewards them with real value, increasing the coin’s usability and demand. Bulls Squad and Referral Programs : At the heart of BTFD’s strategy is its vibrant community, supported by initiatives like the Bulls Squad and lucrative referral programs that ensure the coin’s promotional activities are as dynamic as they are rewarding. Ready to invest in BTFD Coin? Simply visit the official BTFD website , connect your digital wallet, enter how many coins you’d like, and click “Buy Now” to confirm your purchase. It’s a quick and easy way to join the BTFD community and start your investment journey! The Time to Act Is Now As BTFD Coin gears up for what many believe could be a historic listing on Binance, the opportunity to invest in its presale should not be overlooked. The potential for significant returns is echoed in the success stories of coins like NOT and SHIB, which have shown that the right meme coin can indeed offer more than just laughs—it can offer substantial financial growth. Conclusion: Don’t Miss Out on BTFD Coin Based on current research and market trends, BTFD Coin, along with Notcoin and Shiba Inu, represents some of the best new meme coins to invest in this week for long-term gains. The unique blend of engaging content, strong community support, and innovative financial products makes BTFD a compelling choice for any investor looking to get in on the next big crypto wave. Join the BTFD Coin presale now ; this isn’t just an investment in a coin, but a stake in what could be the next meme coin sensation on Binance. Find Out More: Website: https://www.btfd.io/ X/Twitter: https://x.com/BTFD_COIN Telegram: https://t.me/btfd_coin The post Best New Meme Coins to Invest in This Week: Spotlight on BTFD After NOT and SHIB’s Binance Listing appeared first on TheCoinrise.com . NewsBTC
