Whale accumulation threatens retail availability, controlling almost half of the current XRP supply.
Ripple’s escrow system releases limited XRP monthly, creating artificial scarcity.
XRP is definitely home to more whale addresses than most people would think; supply data even reveals an intriguing concentration among these whale wallets.
This phenomenon was recently brought to attention on social media by XRP enthusiast Chad Steingraber. With the SEC case against Ripple finally drawing to an end, the supply distribution indicates that XRP is likely to experience a supply constraint soon.
The #XRP public supply today is far less than people realize. You will never see 100Billion on the open market.
It will vaporize into a small scarce amount.
Retail trading determines the price. https://t.co/BBWpJeSljl pic.twitter.com/m8BBirjJd3
— Chad Steingraber (@ChadSteingraber) June 22, 2024
Increase in XRP Whales Raises Scarcity Concerns
XRP was launched with 100 billion XRP tokens in circ
