XRP’s Supply Dynamics: Top Holders and Circulation Details Revealed  

• Ripple’s escrow accounts hold approximately 38.04 billion XRP for phased market release.  
• Binance and Uphold are among the largest exchange holders, managing billions in XRP tokens.  
• The total XRP supply remains fixed at 100 billion, ensuring structural stability.

XRP has emerged as a leading cryptocurrency in the latest market rally, displaying steady price growth. The asset’s performance has drawn attention to its unique token distribution and supply management.

Of the 100 billion XRP initially created, about 57 billion are currently in circulation. Meanwhile, around 38.04 billion XRP remains locked in Ripple’s escrow accounts, ensuring controlled liquidity release into the market.  

Ripple’s escrow accounts, labeled Ripple (11), Ripple (10), and Ripple (28), collectively hold nearly 5 billion XRP. These accounts are part of Ripple’s strategy to manage supply and mitigate volatility. In addition, approximately 13.18 million XRP have been permanently burned, slightly reducing the overall supply.  

Exchanges play a key role in XRP’s distribution. Uphold and Binance are among the largest holders outside Ripple, each managing over 1.8 billion XRP tokens. Other significant holders include platforms such as Bithumb, UPbit, and Coincheck, reflecting a broad distribution across trading venues globally.  

Despite its diverse allocation, XRP’s supply concentration has sparked concerns about centralization. Ripple remains the largest holder of XRP, leading to criticism about potential control over the asset’s market dynamics. Financial educator Rajat Soni has raised concerns about centralization risks, suggesting this could lead to price manipulation.  

However, the XRP Ledger operates independently through validator consensus, ensuring no single entity can dictate its functionality. Ripple, despite its significant holdings, cannot unilaterally control the network’s operations. This consensus mechanism reinforces the network’s decentralization while maintaining its integrity.  

The total XRP supply remains fixed at 100 billion, offering structural stability. While Ripple’s escrow strategy ensures phased liquidity, exchanges and individual holders play crucial roles in the asset’s widespread adoption and market integration.