A recent comment from crypto analyst CryptoTank has brought attention to a long-standing misconception about the size of the XRP community. His post focused on the widely quoted figure of seven million XRP wallets and explained why this number does not represent the number of real holders.
The clarification arrives at a time when XRP is now positioned to start to receive institutional inflows from the recently launched Canary Spot XRP ETF.
Why Wallet Count Does Not Equal Holder Count
CryptoTank noted that nearly 7 million wallets holding XRP does not translate to millions of people owning the asset. He pointed out that he personally maintains roughly 30 wallets, and most committed XRP investors tend to operate between four and six on average. This means a single individual can appear multiple times in on-chain statistics, making the total wallet count an unreliable indicator of how many real participants exist.
The view is simple: the actual number of distinct XRP holder
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