Xrp Rich List
The XRP rich index is an index of people who have made millions of dollars with cryptocurrency. According to Forbes, Jed McCaleb is one of the first billionaires from XRP. In 2012, he bought six percent of Ripple and has made it his own property. He currently owns approximately five billion XRP, which represents about seventeenth of one per cent of the total.
According to the XRP rich list, 0.01% have more than 14 million XRP or $3.8 million. New data from the XRP Rich List shows that Ripple controls more than half of the XRP supply and that this crypto asset can be traded on exchanges regularly. It is also possible to determine the identities of those who purchased XRP during the crypto-currency boom, and those who sold them.
Ripple maintains a fund that holds a fraction of its XRP, and moves this out a billion XRP each month. A fraction of its XRP assets are also sold to institutional participants and the crypto-exchange community. XRP is now one of the most popular cryptocurrencies, and the Ripple rich list has been updated to reflect this. However, this is not an exhaustive list of all the rich people in XRP. Hence, you should consult a wealth advisor before buying any XRPs.
XRP’s price has been in the news lately. While Ripple’s digital asset appears to be in the middle of a push, BlockTV reporter Joe Saz believes that the price of XRP may soon face fundamental market weakness, which will drive its price lower. CMC currently shows XRP trading in the red. XRP is listed at $0.267780. The XRP Rich list was updated by XRPL Labs’ founder with new investment opportunities.
Ripple is backed by a number of major investors. The company’s founders, Brad Garlinghouse and Chris Larsen, are among the biggest investors in XRP. Forbes reports that Larsen has more than $4.9 billion in company assets. Ripple has plans to release 1 billion XRP tokens each month, but the company’s founders are hesitant to make such a huge bet. Despite the risks involved, XRP is a solid investment opportunity.
In addition to hardware wallets, XRP hodlers should consider paper wallets. These are more secure than software wallets, since they store the private keys offline. This will reduce the risk of malware stealing crypto from your wallet. Moreover, if you want to exchange XRP with other currencies, you can use a paper wallet. Many XRP exchanges also have partnerships with Changelly, which allows you to trade coins and earn a lot of crypto.