XRP Ledger’s (XRP) key adoption metrics are showing a strong momentum for Ripple’s cryptocurrency. From a demand perspective, the XRP market capitalization has increased by more than $12 billion year-to-date, for an impressive 73% growth in 2023.
Similarly, the number of crypto wallet addresses holding at least 1 XRP ($0.55). Finbold filtered on-chain data from Santiment on October 27, which shows 4.82 million addresses own 1 XRP or more.
It is important to say that XRP Ledger is a pseudonymous network, and one single individual can control multiple addresses without a known link between them. Therefore, it is factually impossible at the moment to know how many people own XRP.
Number of addresses that own 1 XRP or more. Source: Santiment
XRP population is similar to Afghanistan’s capital’s (Kabul)
Interestingly, if we considered the number of addresses as the XRP population, the number of people who own at least 1 XRP would be equal to capital cities such as Kabul in Afghanistan, with around 4.6 million population.
This XRP population holds around $29.48 billion in value considering XRP Ledger capitalization by press time, which is around $15 billion dollars higher than the $14.79 billion GDP of the whole of Afghanistan.
However, this capital is concentrated in an even smaller number of people who own XRP. It is well-known that one single entity usually owns more than one wallet address.
Besides that, data from CoinCarp indicates that the top 10 addresses own more than 11% of the entire supply available of XRP for approximately $3.24 billion worth of tokens. Top owners are distributed among Ripple and cryptocurrency exchanges.
