Top 10 addresses holding XRP control 73% of all coins
The issue of cryptocurrency whales has, over the years, elicited debate in the sector regarding the power of large holders to influence the price of different tokens. The whale holding is also witnessed in XRP, a factor that has found a place in legal circles. In particular, as of September 12, the top ten holders of XRP controlled almost three-quarters, about 73% of all the tokens in supply.
XRP is designed as a deflationary coin with a limited supply. Still, most of the tokens appear to be held by retail investors on the Binance cryptocurrency exchange. Binance controls 38.5% of XRP, with the remaining amount distributed on other platforms. Notably, XRP is supported by BNB Smart Chain (BSC), previously the Binance Smart Chain blockchain network. The network also supports smart contracts and decentralized applications (DApps). Furthermore, the wealthiest XRP address on Binance holds 99,879,936 XRP tokens.
Source
https://t.me/Cronos_Cardano_Ripple
