I saw an interesting stat about XRP distribution. Apparently, the threshold to enter the top 10% of holders has significantly decreased: it now takes 2,350 XRP compared to 3,300 a year ago. Why? Simply because the number of XRP wallets has exploded, going from 5.2 million to over 7.2 million in one year.

What’s crazy is that even with this massive increase in addresses, the top 1% remains highly concentrated. To be in it, you still need at least 50,000 XRP, and only 71,000 wallets meet this criterion. The XRP rich list thus shows a distribution that is becoming more democratized at the bottom but remains very hierarchical at the top.

Analysts talk about growing institutional interest that could tighten the available supply. If that really materializes, it would change the dynamics. Some even estimate that if XRP reached Bitcoin’s market cap, the price could flirt with $35. It remains to be seen how it evolves.