NEW YORK - The XRP Ledger, a blockchain platform associated with the digital currency XRP, has reached a new high with over 5 million wallet addresses registered. This milestone aligns with a period of resurgence in the broader cryptocurrency market, highlighted by Bitcoin's ascent above the $45,000 threshold.
Ripple, the company closely linked with the XRP Ledger, holds a significant portion of XRP with about 45 billion tokens in both escrow and spendable accounts. An analysis of the ledger reveals that the majority of XRP holders possess a modest amount, with twenty to five hundred tokens in each wallet. This distribution indicates a broad base of users with smaller investments in the digital asset.
Moreover, data shows that over two million XRP accounts collectively maintain around one hundred eighty-two million XRP. The total value of the XRP supply, which is close to 100 billion tokens, is currently estimated at $56.41 billion USD.
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