Is 10,000 XRP enough?

The threshold for joining this exclusive club is slightly lower than one might initially think. In fact, owning just 9,045 XRP is sufficient to place someone within the top 5% of XRP holders. This reveals that while the top tier of holders is indeed exclusive, it is not as inaccessible as some might believe.

BTCC, a top cryptocurrency exchange, offers a range of services that cater to both types of investors. Its platform supports spot trading, allowing users to buy and sell XRP and other cryptocurrencies at current market prices. Additionally, BTCC provides futures trading, enabling investors to speculate on the future price of XRP and hedge against potential losses.

To put this into perspective, there are currently 313,934 wallets that hold over 9,000 XRP tokens. This figure highlights the widespread adoption and holding of XRP, with a significant number of individuals and entities investing in this cryptocurrency.

Moving down the ranks, the picture becomes even more inclusive. Owning as little as 2,503 XRP is enough to place one in the top 10% of holders. This demonstrates that while the upper echelons of XRP ownership are dominated by a select few, a larger group of holders still holds a significant stake in the cryptocurrency.

Claver has revealed an intriguing insight into the distribution of XRP holdings globally. According to his assessment, individuals who possess 10,000 XRP find themselves among the elite 5% of holders worldwide. This figure underscores the concentration of wealth in the cryptocurrency space, with a relatively small group holding a substantial portion of the total supply.