How many XRP coins does Ripple own?

3 answers

• simpanssiMay 24, 2024 · a year ago
  Ripple, the company behind XRP, currently owns approximately 55 billion XRP coins. However, it's important to note that Ripple has committed to placing 55 billion XRP coins into a cryptographically-secured escrow account to ensure transparency and prevent market manipulation. This escrow account releases a certain amount of XRP each month, which can be used for various purposes, including funding projects and partnerships.
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• Marijan PatarićDec 18, 2022 · 2 years ago
  As of now, Ripple owns around 55 billion XRP coins. This large amount of XRP holdings has raised concerns among some investors, as they worry about the potential impact on the XRP market. However, Ripple has taken steps to address these concerns by placing the majority of their holdings in an escrow account, which releases a predetermined amount of XRP each month. This helps to ensure a controlled and gradual release of XRP into the market, minimizing the risk of sudden price fluctuations.
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• Slooquie YTFeb 21, 2024 · a year ago
  Ripple, the company behind XRP, currently holds approximately 55 billion XRP coins. This significant amount of XRP holdings gives Ripple a substantial stake in the XRP ecosystem. However, it's worth noting that Ripple has been transparent about their plans for these holdings. By placing the majority of their XRP coins in an escrow account, Ripple aims to provide stability and predictability to the XRP market. This strategic move demonstrates Ripple's commitment to the long-term success of XRP as a digital asset.
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