Ripple's escrow arrangements and exchange custody dominate the top 40 XRP wallets, displaying a combined total of 55.84 billion XRP valued at over $64 billion. However, a large portion of this amount is locked in escrow, altering perceptions of liquid supply and individual whale holdings.
Escrow Holdings Influence XRP Distribution
According to xrpscan.com, XRP’s maximum supply is 100 billion with 67.526 billion currently circulating. Of this, 32.445 billion XRP is held in escrow, which restricts its immediate availability for trading. The top 40 wallets collectively show 55.839 billion XRP, representing about 55.85% of the fully diluted supply when including escrow balances. Excluding escrow, only 20.839 billion XRP is held in direct balances, roughly 30.9% of the circulating supply, highlighting the significant difference between total and liquid supply figures.
Top Wallets Mainly Comprise Ripple Escrow and Exchange Accounts
The six largest XRP wallets belong to Ripple-controlled escrow accounts. Each holds between 197 and 235 XRP directly but has approximately 5 billion XRP locked in escrow, totaling 30 billion XRP in escrow allocations. This means these wallets are not liquid holders but represent locked contractual holdings. The seventh largest wallet is the South Korean crypto exchange Bithumb with a direct balance of 1.841 billion XRP, followed by an unlabeled wallet holding 1.801 billion XRP, and Binance in ninth place with 1.669 billion XRP. The tenth wallet belongs to Ripple, combining just over 500 million XRP in direct balance with 1 billion in escrow.
Exchanges and Unlabeled Accounts Play Key Roles
Exchange wallets like Bithumb and Binance may manage assets for many customers, so their balances do not necessarily indicate individual investor holdings but rather custody or market-making reserves. The unlabeled wallet with 2.71 billion XRP remains under observation due to its significant balance and unclear ownership. From ranks 11 to 20, Ripple-controlled accounts continue to appear among exchange-related holdings, further blurring the distinction between individual whales and institutional wallet concentrations.
This material is for informational purposes only and does not constitute financial advice.
