{"id":396174,"date":"2019-09-16T19:00:07","date_gmt":"2019-09-16T19:00:07","guid":{"rendered":"https:\/\/uniquehot.com\/?p=396174"},"modified":"2024-06-11T07:44:26","modified_gmt":"2024-06-11T07:44:26","slug":"ripple-whale-it-only-takes-20000-to-become-a-xrp-one-percenter","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple-whale-it-only-takes-20000-to-become-a-xrp-one-percenter\/","title":{"rendered":"Ripple Whale: It Only Takes $20,000 To Become a XRP One-Percenter"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">How cryptocurrencies like <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> or <a href=\"\/tag\/xrp\" rel=\"nofollow\">XRP<\/a> are distributed can impact a specific asset\u2019s success, both in terms of trust in the asset, but also how scarcity might affect an asset\u2019s long-term value. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">And while XRP is often the target of much distaste surrounding the way the asset was distributed, becoming a Ripple whale and joining the top 1% of all XRP holders doesn\u2019t take a lot of initial capital.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">It Costs $20,000 To Become a XRP Whale<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Because cryptocurrencies like Bitcoin and <a href=\"\/tag\/xrp\" rel=\"nofollow\">XRP<\/a> are new, emerging technologies that are also financial assets, analysts look at a number of different data points to attempt to determine a fair market value. One such metric that\u2019s often looked at, is the distribution of each asset across wallets, including the percentage breakdown of how many wallets are holding different levels of assets.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/08\/30\/crypto-analyst-fireworks-ripple-xrp\/\">Crypto Analyst Says XRP Fireworks Are Coming After Bounce From 2014 Support\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\"><span class=\"s1\">One crypto analyst has shared a chart that reveals the average assets held across the top 10% of XRP holders. The data shows that to become a \u201cone-percenter\u201d in XRP \u2013 a term coined to show high wealth inequality against the other 99% of the population \u2013 one only needs to hold roughly $20,000 in <a href=\"\/tag\/ripple\" rel=\"nofollow\">Ripple<\/a> at today\u2019s prices of 26 cents per XRP token.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A simple breakdown of what it takes to be in the top 10% of <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$XRP<\/a> holders. Came across this and thought it was pretty interesting. If you are holding more than 70,000 XRP you are in the top 1% of holders. <a href=\"https:\/\/t.co\/kt6fEdvcBj\" rel=\"nofollow\">pic.twitter.com\/kt6fEdvcBj<\/a><\/p>\n<p>&mdash; CrediBULL Crypto (@CredibleCrypto) <a href=\"https:\/\/twitter.com\/CredibleCrypto\/status\/37096448?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 15, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">The table shows that the top 1% of Ripple accounts hold roughly 69,000 XRP on average. To become a one-percenter in Bitcoin, one would need to <a href=\"https:\/\/bitinfocharts.com\/top-100-richest-bitcoin-addresses.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">hold an account containing 10 BTC or more<\/a> \u2013 or the equivalent of more than $100,000.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">To be in the top 0.1% of account holders, one would need to hold over 188,000 XRP, and to earn the highest spot at 0.01% of account holders, it would be over a cool $4.25 million USD for under 16.5M tokens.<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">Holders Divided Due to Ripple Escrow Selling During Downtrend<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">The distribution of <a href=\"\/tag\/xrp\" rel=\"nofollow\">XRP<\/a> has been a controversial issue as of late. Much of the XRP supply is held in escrow by Ripple Labs, the company tasked with pushing adoption of the crypto asset. The assets held in escrow are unlocked, then sold on the market to fund important Ripple operations.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/2019\/09\/09\/will-upcoming-ripple-conference-cause-xrp-price-to-swell\/\">Will Upcoming Ripple Conference Cause XRP Price to Swell?\u00a0<\/a><\/strong><\/em><\/p>\n<p class=\"p1\">However, the regular selling of XRP assets during a downtrend has caused Ripple and CEO Brad Garlinghouse to come under fire by upset holders. Many Ripple holders, despite being \u201cwhales\u201d due to holding such a large supply, could be down by as much as 90% if they bought anywhere near the peak of the crypto hype bubble in late 2017, and early 2018.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">2\/ XRP sales are about helping expand XRP&#39;s utility &#8211; building RippleNet &amp; supporting other biz building w\/XRP ie Dharma &amp; Forte. Reality is we DECREASED our sales by volume Q\/Q and since then the inflation rate of XRP circulating supply has been lower than that of BTC and ETH.<\/p>\n<p>&mdash; Brad Garlinghouse (@bgarlinghouse) <a href=\"https:\/\/twitter.com\/bgarlinghouse\/status\/30797056?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 27, 2019<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>It\u2019s among the <a href=\"https:\/\/uniquehot.com\/2019\/09\/02\/altcoins-bitcoin-xrp-trx-crypto\/\">worst-performing altcoins in the top ten crypto assets by market cap<\/a>, even despite Brad Garlinghouse defending the company saying that <a href=\"\/tag\/ripple\" rel=\"nofollow\">Rippl<\/a>e has \u201cdecreased\u201d sales by volume quarter over quarter. The continued selling has even prompted a subset of XRP holders to consider forking the asset.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How cryptocurrencies like Bitcoin or XRP are distributed can impact a specific asset\u2019s success, both in terms of trust in the asset, but also how scarcity might affect an asset\u2019s long-term value. And while XRP is often the target of much distaste surrounding the way the asset was distributed, becoming a Ripple whale and joining the top 1% of all XRP holders doesn\u2019t take a lot of initial capital. It Costs $20,000 To Become a XRP Whale Because cryptocurrencies like Bitcoin and XRP are new, emerging technologies that are also financial assets, analysts look at a number of different data points to attempt to determine a fair market value. One such metric that\u2019s often looked at, is the distribution of each asset across wallets, including the percentage breakdown of how many wallets are holding different levels of assets. Related Reading | Crypto Analyst Says XRP Fireworks Are Coming After Bounce From 2014 Support\u00a0 One crypto analyst has shared a chart that reveals the average assets held across the top 10% of XRP holders. The data shows that to become a \u201cone-percenter\u201d in XRP \u2013 a term coined to show high wealth inequality against the other 99% of the population \u2013 one only needs to hold roughly $20,000 in Ripple at today\u2019s prices of 26 cents per XRP token. A simple breakdown of what it takes to be in the top 10% of $XRP holders. Came across this and thought it was pretty interesting. If you are holding more than 70,000 XRP you are in the top 1% of holders. pic.twitter.com\/kt6fEdvcBj &mdash; CrediBULL Crypto (@CredibleCrypto) September 15, 2019 The table shows that the top 1% of Ripple accounts hold roughly 69,000 XRP on average. To become a one-percenter in Bitcoin, one would need to hold an account containing 10 BTC or more \u2013 or the equivalent of more than $100,000. To be in the top 0.1% of account holders, one would need to hold over 188,000 XRP, and to earn the highest spot at 0.01% of account holders, it would be over a cool $4.25 million USD for under 16.5M tokens. Holders Divided Due to Ripple Escrow Selling During Downtrend The distribution of XRP has been a controversial issue as of late. Much of the XRP supply is held in escrow by Ripple Labs, the company tasked with pushing adoption of the crypto asset. The assets held in escrow are unlocked, then sold on the market to fund important Ripple operations. Related Reading | Will Upcoming Ripple Conference Cause XRP Price to Swell?\u00a0 However, the regular selling of XRP assets during a downtrend has caused Ripple and CEO Brad Garlinghouse to come under fire by upset holders. Many Ripple holders, despite being \u201cwhales\u201d due to holding such a large supply, could be down by as much as 90% if they bought anywhere near the peak of the crypto hype bubble in late 2017, and early 2018. 2\/ XRP sales are about helping expand XRP&#39;s utility &#8211; building RippleNet &amp; supporting other biz building w\/XRP ie Dharma &amp; Forte. Reality is we DECREASED our sales by volume Q\/Q and since then the inflation rate of XRP circulating supply has been lower than that of BTC and ETH. &mdash; Brad Garlinghouse (@bgarlinghouse) August 27, 2019 It\u2019s among the worst-performing altcoins in the top ten crypto assets by market cap, even despite Brad Garlinghouse defending the company saying that Ripple has \u201cdecreased\u201d sales by volume quarter over quarter. The continued selling has even prompted a subset of XRP holders to consider forking the asset.<\/p>\n","protected":false},"author":517,"featured_media":396183,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,16894],"tags":[428,9652,6664,3680,3685,4531],"class_list":["post-396174","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-ripple","tag-bitcoin","tag-brad-garlinghouse","tag-crypto","tag-ripple","tag-ripple-labs","tag-xrp"],"acf":[],"yoast_head":"\n<title>Ripple Whale: It Only Takes $20,000 To Become a XRP One-Percenter<\/title>\n<meta name=\"description\" content=\"How cryptocurrencies like Bitcoin or XRP are distributed can impact a specific asset\u2019s success, both in terms of trust in the asset, but also how scarcity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/ripple-whale-it-only-takes-20000-to-become-a-xrp-one-percenter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple Whale: It Only Takes $20,000 To Become a XRP One-Percenter\" \/>\n<meta property=\"og:description\" content=\"How cryptocurrencies like Bitcoin or XRP are distributed can impact a specific asset\u2019s success, both in terms of trust in the asset, but also how scarcity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/ripple-whale-it-only-takes-20000-to-become-a-xrp-one-percenter\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-16T19:00:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:44:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/09\/ripple-xrp-whale.jpg?fit=3085%2C1708\" \/>\n\t<meta property=\"og:image:width\" content=\"3085\" \/>\n\t<meta property=\"og:image:height\" content=\"1708\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;The Bull&quot; 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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