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Home » XRP » XRP Ledger wallet addresses exceed 5 million amid market recovery
XRP

XRP Ledger wallet addresses exceed 5 million amid market recovery

Crypto Observer StaffBy Crypto Observer StaffJanuary 9, 2024No Comments1 Min Read
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© Reuters.

NEW YORK – The XRP Ledger, a blockchain platform associated with the digital currency XRP, has reached a new high with over 5 million wallet addresses registered. This milestone aligns with a period of resurgence in the broader cryptocurrency market, highlighted by ‘s ascent above the $45,000 threshold.

, the company closely linked with the XRP Ledger, holds a significant portion of XRP with about 45 billion tokens in both escrow and spendable accounts. An analysis of the ledger reveals that the majority of XRP holders possess a modest amount, with twenty to five hundred tokens in each wallet. This distribution indicates a broad base of users with smaller investments in the digital asset.

Moreover, data shows that over two million XRP accounts collectively maintain around one hundred eighty-two million XRP. The total value of the XRP supply, which is close to 100 billion tokens, is currently estimated at $56.41 billion USD.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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