Understanding XRP Supply Distribution
Market data indicates that the top 10 addresses control approximately 18.56% of the total XRP supply. Addresses ranked from 10 to 50 collectively manage an additional 24.85%, leaving the remaining 56.59% distributed among millions of smaller wallets.
Ripple Labs stands as the single largest owner of XRP when all company-linked wallets are aggregated. When escrow wallets are included in rankings, seven of the top ten XRP wallets are associated with Ripple.
Ripple Labs Escrow is at the forefront, holding 45% of the total supply, which facilitates predictable releases. The second-largest holder of XRP is Ripple Labs (operational), possessing nearly 1% of the total XRP supply.
Key XRP Holders: Ripple, Institutions, and Crypto Exchanges
Since its inception, the XRP supply has been fixed at 100 billion tokens. XRP does not involve mining or staking processes; instead, it is distributed through methods such as escrow, allocation, and market transactions. Each month, up to 1 billion XRP is unlocked, with any unused amounts returned to escrow.
On-chain analytics reveal that the largest XRP holdings are concentrated among whales, including institutional buyers, Ripple founders, and other significant entities. Notably, Japan's SBI Holdings possesses approximately $10.4 billion in XRP.
Following Ripple Labs, substantial XRP holdings are attributed to centralized exchanges that manage XRP on behalf of their users rather than as proprietary assets. Binance leads this category with approximately 1.8 billion XRP. South Korea's Bithumb closely follows, also holding around 1.8 billion XRP, having increased its balance by roughly 30% in 2025. Uphold and Upbit are also recognized among the top custodians.
These figures reflect strong XRP trading volumes on exchanges like Binance, Upbit, and Uphold throughout 2025. XRP outperformed Bitcoin and Ethereum on Upbit, contributing to 28% of the exchange’s 24-hour trading volume increase, which reached $13.39 billion.
Data from Uphold further identified XRP as the most traded asset in 2025, supported by yield products linked to the Flare Network. Concurrently, the Binance XRP/USDT trading pair experienced a 69% surge in trade volume at the beginning of the year.
Currently, XRP is trading steadily with a minor decline of 0.17%, priced at $2.06. In comparison to other assets, XRP has experienced a slight downturn over the past week while its peers have seen modest gains. This has led to XRP being overtaken by Binance, slipping to a market capitalization of approximately $125 billion.
Individual Holdings: Ripple Executives and Anonymous Wallets
Ripple executives are significant individual holders of XRP. Publicly linked wallets associated with Ripple co-founder and executive chairman Chris Larsen hold an estimated 2.5 to 2.7 billion XRP, translating to approximately 4-5% of the total supply. While exact figures vary with market fluctuations, reports suggest that Larsen has realized over $760 million in profits since 2018.
Brad Garlinghouse, another key figure at Ripple, is also believed to hold substantial personal XRP reserves, though these holdings are not publicly disclosed.
Jed McCaleb, a co-founder of Ripple, was allocated 9 billion XRP in 2012. He completed the sale of his XRP holdings after departing the company in 2014, reportedly for approximately $3.2 billion.
Other substantial XRP wallets are linked to anonymous addresses. One such address holds approximately 1.2 billion XRP, while another controls more than 700 million XRP. Collectively, the top 50 XRP addresses manage approximately 43% to 50% of the circulating supply.