Unit 2 · Reading big moves
Is it risky if the top 100 wallets hold 30%?
- 2 min read
- 3 sections
- 3 questions · +25 XP
Wallets are not people. Take out exchanges and escrow before judging.
One exchange wallet holds many customers
Many top wallets are exchanges, pooling many customers’ XRP. Top-holder percentages therefore overstate how concentrated individuals are.
Treat escrow separately
Escrowed XRP cannot move before its date. The holders page shows escrow separately and also gives shares of circulating supply.
One company may use many wallets
Conversely, an institution spreading XRP across wallets may not appear in the top list. Use the ranking as a rough picture and trust labeled wallets more.
See it on the site
Related terms
- Rich list
- A ranking of wallets by XRP balance. One wallet is not one person; an exchange wallet holds many customers’ coins.
- Escrow
- Locks XRP so nobody can move it before a set date.