It is Extremely Rare to Hold Over 10,000 XRP Nowadays: Alpha Lion Academy Founder

A prominent XRP community commentator and founder of Alpha Lion Academy has pointed out that it is extremely rare to see holders of 10,000 XRP, identifying an accumulation opportunity.

XRP has maintained relevance in the crypto ecosystem since its launch over a year ago. Expectedly, the asset has attracted millions of investors, with total wallets soaring to 6.42 million at press time. Data confirms that, with this latest figure, XRP has welcomed over 610,000 addresses this year alone. 

However, most of these wallets are not holding substantial amounts of the token. Edoardo Farina, who serves as the CEO of Alpha Lions Academy, called attention to this reality in a recent disclosure. Interestingly, the pundit’s disclosure identified an opportunity for those on the sidelines to deepen their reach in the market.

Only 4.67% of XRP Wallets Hold 10,000 XRP

According to Farina, it is “extremely rare” to see investors who hold more than 10,000 XRP tokens. Interestingly, on-chain data confirms this comment from the community pundit. Specifically, data from the community-driven Rich List shows that XRP wallets with 10,000 XRP and more only amount to 300,119.