Five of these wallets are labeled as exchange accounts belonging to Bithumb, Upbit, Binance, Bitbank and Coincheck. Together, they hold around 6 billion $XRP. Four wallets are labeled as belonging to Ripple, holding approximately 3 billion $XRP, while another wallet holds around 1.8 billion $XRP without an identified owner.
Exchange wallets can contain $XRP belonging to thousands of customers, meaning their balances do not necessarily represent coins owned by the exchanges themselves.
Also Read : Ripple ($XRP) Price Prediction 2026, 2027-2030: Will $XRP Reach $5?
$XRP Rich List Shows Ripple Holds Around 36% of Supply
As per updated $XRP rich list , the 10 biggest $XRP holders own around 60% of all $XRP when all their wallets and Ripple’s locked $XRP are counted together.
Ripple accounts and its locked escrow contain approximately 35.6 billion $XRP, representing around 36% of the total supply. Upbit follows with about 6.4 billion $XRP, while Coinbase-linked accounts hold nearly 5.8 billion $XRP across 344 labeled accounts.
According to cheeky’s analysis estimates that exchanges and custodians account for around 22% of the $XRP supply. Accounts labeled as belonging to Ripple co-founders Chris Larsen and Arthur Britto hold around 4%, while an unidentified wallet holds approximately 2%.
These figures are estimates based on explorer labels and may change if account ownership is identified or existing labels are corrected.
How Ripple Escrow Affects the $XRP Rich List
Ripple had approximately 31.4 billion $XRP locked in escrow when the ledger balances were checked. Escrow $XRP remains locked until its scheduled release, so a wallet-only ranking can miss a significant portion of Ripple’s holdings.
Ripple unlocks 1 billion $XRP each month. However, around 700 million $XRP per month returned to escrow over the 12 months leading up to October 10, 2026, leaving a net release of approximately 300 million $XRP per month.
Two escrow accounts containing 500 million $XRP each are scheduled to unlock on November 1, 2026. The amount Ripple locks back into escrow afterward will help determine the net change in its available supply.
Does $XRP Have More Wallet Concentration Than Bitcoin?
The analysis found that Bitcoin’s 10 largest addresses held around 6% of its supply, compared with approximately 11% for $XRP’s 10 largest wallets. Across the 100 largest addresses, the figures were around 15% for Bitcoin and 32% for $XRP.
However, these comparisons count addresses rather than verified owners, and one person or company can control multiple wallets. The analysis estimates Ripple holds around 36% of $XRP’s supply, a concentration level not matched by any single Bitcoin holder identified in the comparison.
Large wallet balances alone do not establish whether the coins will be sold. Exchange activity, escrow releases and transfers to other addresses are important factors to monitor when assessing changes in $XRP supply.
