On-chain data shows that over 500,000 XRPL wallets hold about 11 million XRP tokens in the idle balance.
Dr. Artur Kirjakulov, co-founder and CEO of Analytical Platform XPMarket Highlighted This interesting metric, phone Beware of A huge amount These wallets are idle with XRP tokens.
Over 500,000 accounts hold 10.77m XRP
According to him, the maximum of 538,586 XRPL wallet holds 20 XRP tokens, currently worth $62 at its current price of around $3.1. For context, these accounts Makeup 7.64% of XRPL’s total wallets, recently Crossing 7 million mark, now 7,048,872.
However, as XRP’s prices are highly valued, the dollar is value Increased requirements So. As a result, the XRPL community voted in September 2021 to reduce the base reserve requirement to open an XRPL wallet to 10 XRP. At the time, these 10 XRP tokens I had it value of XRP traded for about $121.2.
Again, in early December 2024, it surpassed the $2 psychological mark following a surge in XRP prices. XRPL validator agreed to reduce reserves 10 XRP to 1 XRP to 1 XRP to 1 XRP, representing a 90% reduction.
Nevertheless, it seems to be some owners of Early and open accounts after 2021 are either abandoned or the accounts remain dormant. This is the second most common balance in XRPL, especially since 538,586 wallets hold 20 XRPs.
1.13m XRPL wallet holds an idle balance of $51.7 million
Meanwhile, the data from XRPL Stats, an analytical resource for the XRP ledger, shows that 10 XRP is the most common retention representing mode balance on the network. For context, 592,818 XRPL wallet, accounting About Holds 8.4% of the total wallet, 10 xRP. Remember, from September 2021 to December 2024, the 10 XRP also served as the minimum reserve balance.
XRPL Wallet Mode Balance
Combined both categories It will become 1.13 million XRPL wallets holding a total of 16.7 million XRP Valued over $51.7 million. In particular, this also reinforces the shared sentiment among several market commentators that the circulating supply of XRP is smaller than most perceptions and that supply shocks may be imminent. However, this remains a guess press time.
Market participants are taking note of California Bill AB 1052 in response to Dr. Kirjakulov’s recent disclosures. Part of the context allows states to manage their assets in a central exchange that has been resting for more than three years as unclaimed assets.
Individuals asked if this might not affect dormant XRPL wallets. In particular, this bill is only concerned with exchange tokens. Such a thing As a Coinbase and do not have On-chain wallet. Additionally, the state will not settle any assets forfeitured, and owners can retrieve them at any time by verifying their ID.
