On-chain data indicates that multiple XRPL wallets have remained dormant, holding on to what appears to be their reserve XRP despite recent changes.
592,818 XRPL Wallets Hold 10 XRP
Data from XRPL Stats, an XRPL-native analytics platform, confirms the disclosure. According to XRPL Stats, there are about 6,991,542 XRPL wallets at press time. Interestingly, this shows an impressive increase in the number of wallets on the network, which stood at 5,815,583 as of Dec. 31, 2024.
XRPL Reserve Fee
For context, the XRPL demands a minimum reserve balance for activating accounts, a measure for curbing spam. Originally, this figure was 20 XRP, but it dropped to 10 XRP in September 2021. However, amid the rise in XRP’s price from November 2024, validators voted to reduce the fee to 1 XRP by December 2024.
Nonetheless, most of the nearly 600,000 XRPL wallets holding 10 XRP likely sprang up before December 2024, when the reserve fee stood at 10 XRP. If the owners of these wallets revisit them, they could withdraw 9 XRP, currently worth $25.47, leaving the new 1 XRP reserve fee.
Besides this, the XRPL also features other interesting stats. Notably, the 6.991 million wallets hold a total of 64.72 billion XRP, with the highest single balance standing at 1.69 billion XRP. Further, of this figure, 33,311, representing about 0.48%, are large holders. Meanwhile, the mean balance stands at 9,263 XRP.
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Data Shows 592,818 XRPL Wallets Hold Exactly 10 XRP
On-chain data indicates that multiple XRPL wallets have remained dormant, holding on to what appears to be their reserve XRP despite recent changes.
592,818 XRPL Wallets Hold 10 XRP
Data from XRPL Stats, an XRPL-native analytics platform, confirms the disclosure. According to XRPL Stats, there are about 6,991,542 XRPL wallets at press time. Interestingly, this shows an impressive increase in the number of wallets on the network, which stood at 5,815,583 as of Dec. 31, 2024.
XRPL Reserve Fee
For context, the XRPL demands a minimum reserve balance for activating accounts, a measure for curbing spam. Originally, this figure was 20 XRP, but it dropped to 10 XRP in September 2021. However, amid the rise in XRP’s price from November 2024, validators voted to reduce the fee to 1 XRP by December 2024.
Nonetheless, most of the nearly 600,000 XRPL wallets holding 10 XRP likely sprang up before December 2024, when the reserve fee stood at 10 XRP. If the owners of these wallets revisit them, they could withdraw 9 XRP, currently worth $25.47, leaving the new 1 XRP reserve fee.
Besides this, the XRPL also features other interesting stats. Notably, the 6.991 million wallets hold a total of 64.72 billion XRP, with the highest single balance standing at 1.69 billion XRP. Further, of this figure, 33,311, representing about 0.48%, are large holders. Meanwhile, the mean balance stands at 9,263 XRP.