Cryptocurrency enthusiasts have a reason to celebrate as XRP, one of the most popular digital assets in the world, has reached a new milestone in terms of adoption and network activity. According to data from XRPL Services, the number of ripple account holders has crossed the 4.7 million mark, reaching an all-time high.
XRP Users Remain Optimistic
According to XRPSCAN, a gateway to the XRP Ledger, there are 4,705,871 ripple accounts as of May 21, 2023. These accounts hold a total of 57.7 billion XRP, which is about 57.8% of the circulating supply. However, only 1,035 accounts have zero ripple (XRP) in them. A post on the ripple Chat from January 2020 claimed that to be in the top 1%, 5%, and 10% of ripple holders, one would need at least 73,000, 10,000, and 2,700 XRP respectively.
Ran some fresh stats on the XRPL, as we have crossed the 5M account mark.
Only 4.7M exists at this moment, but as the stats were made a few days ago, 5.002.458 had been active over time.
— Thomas Silkjær (@Silkjaer) May 26, 2023
These numbers may have changed since then, as more accounts have been created and some have been deleted. Blockchair, a Ripple explorer, shows that there were 811,395 transactions on the XRP Ledger on May 21, 2023, of which 714,718 were successful. The number of active accounts may vary depending on how often they transact or exchange the coin.
XRP holders are feeling hopeful as Ripple CEO Brad Garlinghouse claimed that the lawsuit could be settled in “weeks” and not “months,” implying that the legal dispute is close to its conclusion. Ripple gained 3.05% in the last 24 hours and was trading at $0.465 at the time of writing. Meanwhile, the Bitrue crypto exchange announced that it has finished distributing the XCORE airdrop to ripple holders who have joined.
The Milestone is Proof of the Anti-Regulation Sentiment of the Crypto community
The latest milestone achieved by XRP is not only a sign of its popularity and utility but also a testament to its resilience and innovation. Despite facing regulatory challenges and market volatility, ripple has managed to maintain its position as one of the top cryptocurrencies by market capitalization and trading volume.
Ripple also boasts a loyal and active community of supporters who believe in its vision and potential. As more people join the XRP Ledger and use its services, ripple is poised to become one of the leading digital assets in the crypto space.
