XRP whales now control 68.5% of supply, the highest share since November 2022

Share

Wallets holding at least 10 million XRP control 68.5% of the supply, according to Santiment, the highest concentration recorded since November 2022. The number of wallets holding between 10 million and 100 million XRP fell from 351 to 339, although the data does not establish whether this resulted from sales, transfers or movement into a higher tier. Nearly 47 million XRP, worth roughly $61 million, flowed onto trading platforms as the token traded around $1.29. XRP has a fixed supply of 100 billion tokens, with approximately 68.59 billion in circulation and 31.4 billion held in Ripple’s on-chain escrow, while $1.26 is the key support level and $1.11 is the next threshold to monitor.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items