On-chain data shows that more than half a million wallets on the #XRP Ledger (XRPL) are holding about 10.7 million XRP that haven’t been touched for years.
👉 This data was highlighted by Dr. Artur Kirjakulov, CEO of XPMarket. He explained that around 538,586 wallets each hold exactly 20 XRP, which adds up to over $33 million at today’s prices.
Why are these XRP locked?
When the XRPL launched in 2013, every new wallet was required to keep at least 20 XRP as a reserve to prevent spam.
Back then, 20 $XRP was worth only about $0.12.
In 2021, the reserve was reduced to 10 XRP.
In December 2024, after XRP crossed $2, it was cut again to just 1 XRP.
Still, many older wallets are stuck with their original 20 XRP or 10 XRP, and most of them are inactive.
Current snapshot
20 XRP wallets: 538k+
10 XRP wallets: 592k+
👉 Together, that’s about 1.13 million wallets holding 16.7M XRP worth over $51.7M just sitting idle.
Some market watchers believe this means XRP’s real circulating supply is smaller than people think. If demand rises, this could lead to a supply shock — but that’s still only speculation.
Can the government take these idle wallets?
Someone raised concerns about California’s new law AB 1052, which allows the state to claim assets on exchanges (like Coinbase) if they’re inactive for over 3 years.
But this doesn’t apply to on-chain XRP wallets. The law only covers exchange-held funds, not personal wallets. And even if the state takes assets from an exchange, the owner can reclaim them anytime by verifying their ID.
---
🚀 Bottom line: Millions of XRP are stuck in inactive wallets, reducing the actual supply in circulation. That could be bullish in the long run — but for now, they’re just sitting there.
