ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

The First 10 Addresses Containing Ripple Controls about 73% Of All the Cryptocurrency

Share On Facebook
share on Linkedin
Print

Whales in the cryptocurrency industry have caused debates over the past years. The concern has been about such holders having the ability to control the value of various cryptos. The effect of the big holder has also been experienced in Ripple, and this factor has made it into law circles.

©

Specifically, it was discovered that the first ten holders of Ripple control approximately 73% of all crypto in circulation. Additionally, the first twenty holders make up 75.35% of the crypto. This data was supplied by CoinCarp.

binance

Further Details on the Headline
It is important to note that Ripple is developed as an anti-inflationary crypto which has a limited supply. Yet, most of this crypto seems to be possessed by retail investors on Binance. Also, Binance regulates thirty-eight-point five percent of Ripple, and the left-over percentages are scattered on other platforms.

Additionally, the richest Ripple address on Binance contains 99,879,936 XRP coins. This is equal to approximately $34.95 million going by data given by CoinMarketCap. Also, because of the anonymous nature of crypto, it’s almost impossible to know the specific address that is the richest in XRP

Meanwhile, the figure of Ripple holders has increased in the past few years to two hundred and twenty-eight thousand, five hundred and seventy-seven. This number has increased despite the case that was filed by SEC (Security Exchange Commission) against Rippleā€™s Parent Company.

Learn from market wizards: Books to take your trading to the next level

 

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com