XRP’s circulating supply has reached 57.49 billion, with 41.04% concentrated in the top ten wallets. Bithumb and Upbit lead exchange holdings, controlling 1.44 billion and 5.9 billion XRP, respectively.
The dominance of 11 exchanges, holding 23.09% of XRP, raises concerns about market power. Despite significant centralized holdings, XRP shows better distribution than its counterpart XLM, amid challenges to traditional ownership notions in crypto.
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