In a market driven by chasing highs and selling lows, you might be missing the most critical signals.

Many people focus on price fluctuations but fail to notice what’s happening on the chain. As an analyst with years of market experience, I’ve long understood a pattern: short-term sentiment, medium-term trend, long-term supply. Today, I want to discuss the detail in XRP supply distribution that the vast majority of people overlook.

**True Scarcity Exists on the Chain**

Many in the market only care about daily price movements, but the real scarcity signals are actually formed on the chain. Data shows that only about 100,000 wallets worldwide hold at least 10,000 XRP. This might seem insignificant, but a closer look reveals the clues.

**Supply Distribution Is More Important Than Total Supply**

Many critics of XRP like to cite a figure: a total supply of 10 billion tokens, so how can it be scarce? But there’s a fatal flaw— they only look at the total amount and ignore the distribution.

On-chain data from 2025 is quite interesting: just 20 wallet addresses control half of the total XRP supply. While this high concentration can easily spark discussions about centralization, it also means that the XRP actively circulating in the market is far less than you might think.

**Implications Behind the Numbers**

Only about 100,000 wallets hold ≥10,000 XRP—considering the global scale, this number is surprisingly small. Given XRP’s practical application in cross-border payments and its worldwide recognition, what does this indicate?

It shows that truly significant holders are few and far between. Most people hold very little or none at all. On-chain data never lies; it reflects reality better than any market rumor.