Top 10 addresses holding XRP control 73% of all coins
Hello !!
Well, first I thought it had to do with how Ripple owns about half of the coins but no.
Well, let's take it apart. A quick google search that I don't need tells me XRP has a total coin count of 100 billion coins, how can 99.897936 be 36%? Well, because it's the amount in the BNB chain...
I am confused as to what the article wants to talk about there.
It's not even about the ownership of Chris Larsen, former Ripple CEO or CTO David Schwartz or even their former co-founder Jed McCaleb (now empty by the way)
It's not about who owns 73% of XRP, on the BNB chain...
> The number rose despite the lawsuit brought against parent company Ripple by the Securities Commission (SEC) against XRP.
Wrong, Ripple is not a parent company since XRP existed before Ripple was founded.
Among all the coins, this clearly shows the holder of the BNB chain and 228577. Everyone who is not stupid knows that XRP is not a BNB coin, a quick look at the XRP rich list will show that there are more than 4 million wallets on XRPL.
> Moreover, the richest XRP address on Binance holds 99,879,936 XRP tokens,
It makes it sound like big and all that despite being 0.1% of the total supply and not even an oversight because in the end they say:
> Chris Larsen, the co-founder and former CEO of Ripple until November 2016, is reported to have owned more than 5.1 billion XRP. Elsewhere, Ripple's current CEO, Brad Garlinghouse, is also believed to own a significant stake in the asset.
Also if they want to make it look like XRP users are only 228,577 it means that John Deaton represents about a third of all XRP holders in his lawsuit that they mentioned in the article. Totally baffling.
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