TL;DR
- Recent data suggests XRP adoption is still in early stages, with over 3.6 million wallets holding less than 500 XRP; around 17% of total XRP wallets (4.8 million) were created since the start of 2023, indicating rising interest.
- Large investors, or “whales,” have been accumulating XRP, with their holdings representing 27% of the total circulating supply, up from a previous value of $7.16 billion in October 2022.
- Analysts are optimistic about XRP’s future value, influenced by Ripple’s court wins against the SEC and potential factors like banking collaborations, market trends, and technological advancements.
‘Factor This Into Your Estimates’
According to the most recent data, XRP adoption might be still in its early days. The X (Twitter) user FrancisBovineSwift shared the stats, saying there are over 3.6 million wallets holding less than 500 XRP (equaling around $240 at current rates).
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