Prominent XRP community figure Chad Steingraber recently drew public attention to the holdings of the largest XRP wallets.
Notably, the data shared by Steingraber suggests that the top ten XRP addresses with the largest balances hold about 10.6 billion XRP tokens. Additionally, when considering the top 50 XRP wallets, this group controls 30.3 billion XRP tokens. Notably, this is about half of XRP’s circulating supply.
Largest XRP Holders with 10B Tokens
Citing data from XRP explorer XRPScan, the report disclosed that the wallets holding 10 billion XRP include Ripple, exchanges Uphold, Bithumb, UPbit, Binance, Bitbank, and Coincheck, and an unidentified owner.
The Uphold exchange holds the largest XRP in a single wallet, with over 1.8 billion XRP in one address. The Bithumb exchange owns the second-largest address, followed by Ripple’s address in third place.
However, Ripple is the largest overall holder of XRP when combining the holdings from all of its addresses. Specifically, Ripple controls about four escrow wallets, each holding 5 billion XRP, while four other escrow wallets contain between 4 billion and 4.6 billion XRP each.
XRP Supply “Running Low” on Exchanges
Meanwhile, Steingraber’s disclosure focused on the amount of XRP available on exchanges, as these tokens are often easily accessible for trades on the open market.
He argued that the circulating supply of XRP on exchanges is much smaller than many people realize. According to him, a significant amount of XRP has been lost forever. He also estimated that around 20 billion XRP is currently on exchanges, which he categorized as “Low Supply.”
In response, community member Rookery Heart emphasized that the exchange XRP supply is “extremely tiny.” Heart suggested that it would only take one major player purchasing XRP off exchanges to send the price soaring.
Exactly 💯
— Chad Steingraber (@ChadSteingraber) April 2, 2025
Hypothetical Suggestions
Notably, this discussion ties back to Steingraber’s earlier argument that XRP could skyrocket to $20,000 per token. He proposed speculative scenarios in which banks and large financial institutions hoard XRP to strengthen their balance sheets, triggering a digital arms race.
Furthermore, Steingraber argued that most of XRP Ripple’s escrow will never be released. He referred to this as the “Lender of Last Resort” scenario, where, once over-the-counter (OTC) options run dry, the public supply of XRP, particularly on exchanges, would become the next available resource—and, according to him, this supply is limited.
Essentially, he argues that financial institutions could create a buying “tsunami” unlike anything seen before.
According to Steingraber, once these institutions enter the market, they wouldn’t sell XRP for profits, as the money from selling would be trivial compared to the scale of the global money transfer business, which involves trillions of dollars.
These speculative scenarios have fueled Steingraber’s predictions about XRP’s potential value. However, his arguments remain speculative, and as of now, XRP continues to trade just above $2.
