$XRP ’s price approaches historic peaks in 2025, with 23% of its 57 billion circulating supply concentrated on 11 major centralized exchanges (CEXs), per Cryptoquant data. Top holders include Upbit (5.9 billion XRP), Binance (3.02 billion), and Bithumb ($1.5 billion worth).
While centralized platforms provide liquidity, 63.83% of XRP’s supply is held by the top 50 wallets, sparking concerns over market concentration. XRP remains more decentralized than Stellar ($XLM ), where the top 100 wallets control 96.08% of supply. As the crypto market evolves, balancing accessibility and centralization risks remains a critical focus.
