XRP Chip Revelation: 42% is held by Ripple, and the top 100 Addresses control 68% of Circulating Supply.

After five years of litigation and gaining clarity from the U.S. judiciary, Ripple (XRP) has once again attracted the attention of institutions and whales. However, the latest holdings data reveals a shocking fact: the ownership of XRP is highly concentrated, with just 100 addresses controlling approximately 68% of the circulating supply. This article will delve into who the largest holders of XRP are and what this concentration means for the market.

Ripple Labs: The Absolute Controller of XRP

As the developer and token creator of the XRP distributed ledger, Ripple Labs controls 42% of the total supply (approximately 42 billion XRP):

450 million coins are used as liquid assets for daily operations.

35 billion coins locked in a custodial account, releasing 1 billion coins monthly through a smart contract.

Although most of the XRP unlocked each month is re-locked (with a ratio of over 60%), such a massive Holdings still gives Ripple an unparalleled influence in market dynamics.

Chris Larsen: Personal Holdings Empire

Ripple co-founder and executive chairman Chris Larsen is the largest individual holder, holding more than 2.5 billion XRP (approximately 7 billion USD), spread across eight wallets:

The first four wallets each hold over 500 million coins and have never transferred them out.

Wallet number 5 made multiple sell-offs in 2025, reducing its holdings from 500 million coins to 280 million coins.

In July 2025, when the price of XRP broke through 3 dollars, he transferred 175 million dollars worth of XRP to the exchange, attracting market attention.

Currently, Larsen's holdings account for 4.6% of the XRP market cap, which is enough to have a substantial impact on the price.

Whale Accumulation Hits Record

In June 2025, the number of wallet addresses holding more than 1 million XRP reached 2,708, setting a new historical record.

At the time of pricing, each Whale wallet was worth over 2 million USD.

The number of daily active addresses on the XRP ledger surged to 295,000 in June 2025, seven times the average over the past three months.

This shows that institutional and high-net-worth investors' confidence in XRP is rapidly increasing.

High Concentration Dual Effects

The concentration of XRP ranks among the top in mainstream cryptocurrencies:

Advantages: Flexible liquidity management, Ripple can stabilize market supply.

Concerns: The degree of decentralization is questioned, and large holders' sell-offs may trigger price volatility.

In the context of institutional accumulation and whale activity, the chip structure of XRP suggests that price trends may be more easily influenced by a small number of holders.

Conclusion

From Ripple Labs' 42% control, to Chris Larsen's personal empire, and the concentrated holdings of exchanges and whales, the distribution of XRP chips reveals the uniqueness of its market structure. This high concentration is both a potential engine driving prices and a source of volatility risk. For investors, understanding who holds the most XRP may be more important than simply focusing on price.