$XRP may appear widely distributed at first glance, with more than 4 million wallets on record.
But when you look deeper, true ownership is far more limited than most assume.
🔍 What the data actually reveals
A large portion of wallets hold only minimal “dust” balances (between 0 and 1,000 XRP).
Filtering those out leaves roughly 1.2 million wallets with meaningful holdings.
That works out to about one holder for every 7,395 people globally.
📊 Why this matters
The majority of XRP supply is concentrated in mid-to-large wallets, suggesting the asset is not overdistributed. Instead, it appears to still be in an accumulation phase.
As demand grows, price pressure doesn’t require mass selling.
It only requires new participants entering a relatively small holder base.
🚀 Looking ahead
With broader access and increasing institutional interest, XRP’s supply dynamics could tighten further.
Price appreciation doesn’t depend on millions of exits — it depends on incremental demand.
And the pool of available large holders isn’t as deep as many think.
Bottom line:
As adoption advances, holding XRP may become increasingly difficult for late entrants.
