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XRPScan, a leading XRP explorer, has implemented a crucial modification that can boost transparency within the XRP community. The platform said it has modified its “Rich List” feature, which can allow any community member to properly profile wallet interactions to see who has the largest holdings of XRP.
This move by XRPScan came about in response to an X user, @CryptoC_James, who shared with the community how rigorous it is to fish the various Ripple-based escrow wallets. The modifications made now highlight hard-to-see wallets, making it easier for any community member who wants to explore such information.
According to the current reorganization, addresses linked to the blockchain payments company Ripple Labs Inc. occupy the top 12 positions of the largest holders of XRP. The first six of these addresses have a total of 5,000,000,000 XRP each locked in escrow. Four of the wallets also have different escrow amounts ranging from 2,000,000,000 XRP to 3,500,000,000 XRP, respectively.
Ripple also has wallets with massive XRP balances that are not held in escrow. The two wallets in this category include one with 1,960,027,032 XRP and the less funded one with 1,541,294,080 XRP.
XRP whales are mostly exchanges
While Ripple Labs dominates the XRP holding scene, the XRPScan-modified “Rich List” shows that most XRP whales are trading platforms where the coin is traded. Following Ripple on the rich list is Binance with a total of 1,477,168,712 XRP, while Ripple’s biggest ally, the largest wallet Uphold, has approximately 1,372,766,274
Kraken, UPbit, bitbank, Coincheck, and Bithumb are among the major trading companies that hold XRP to date. Judge Analisa Torres’ latest securities ruling and Ripple’s streak of legal victories against the SEC have repositioned XRP’s positive shine and increased its appeal among these exchanges, many of which recently relisted it.
