Over 500,000 Dormant XRP Wallets Are Holding 10.7 Million Tokens — What Does It Mean?
Jakarta, Pintu News – The latest on-chain data reveals that more than 500,000 wallets on the XRPL network currently hold nearly 11 million XRP tokens in an idle balance.
This finding was first highlighted by Dr. Artur Kirjakulov, co-founder and CEO of analytics platform XPMarket. He highlighted the large amount of XRP “sitting” in these wallets without any transaction activity, which is an interesting metric to observe in the context of investor behavior and asset distribution in the XRP ecosystem.
Over 500,000 Accounts Hold 10.77 Million XRP
According to Dr. Artur Kirjakulov, a total of 538,586 wallets on the XRP Ledger (XRPL) network are recorded as holding 20 XRP tokens each, which is currently worth around $62 based on the XRP price of around $3.10.
This number of wallets represents approximately 7.64% of the total XRPL wallets which recently surpassed the 7 million mark, with a total of 7,048,872 wallets recorded.
Combined, these wallets hold a total of 10,771 million XRP tokens worth over $33 million. Interestingly, these assets remain dormant, leading to speculation that they may be the initial reserve balance required to open an XRPL account.
For information, when the XRP Ledger was launched in 2013, its initial developers – including Ripple’s current CTO, David Schwartz – set a rule that every wallet created must have a minimum balance of 20 XRP. This balance, which was initially only worth around $0.12 per XRP, was non-spendable and served as a way to prevent spam on the network.
However, as the price of XRP increased, the dollar value of this minimum balance requirement also increased. Therefore, in September 2021, the XRPL community voted to lower the minimum balance requirement from 20 XRP to 10 XRP. At that time, 10 XRP was worth around $12, following the XRP market price of around $1.20.
Then, in early December 2024, after the price of XRP broke the $2 psychological level, the XRPL validators again agreed to lower the reserve requirement to just 1 XRP – a 90% cut.
Even so, it seems that many accounts created since the early days as well as after the 2021 adjustments remain inactive. Interestingly, 538,586 wallets holding 20 XRP is the second most common number of holdings found on XRPL today.
1.13 Million XRPL Wallets Hold Inactive Balances Worth $51.7 Million
Meanwhile, the latest data from XRPL Stats – an analytics source for the XRP Ledger – shows that holdings of 10 XRP are the most common on the network, making it a mode balance (the number that appears most frequently).
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A total of 592,818 XRPL wallets, or about 8.4% of the total wallets, were recorded as holding 10 XRP each. For the record, 10 XRP is the minimum balance required from September 2021 to December 2024.
When combined with the 538,586 wallets that hold 20 XRP each, there are a total of approximately 1.13 million XRPL wallets that currently hold 16.7 million XRP in an inactive state. This totals to more than $51.7 million.
This fact also reinforces the view of a number of market observers who believe that the circulating supply of XRP is actually smaller than has been assumed. They state that a potential supply shock could occur – although this is still speculative at this point.
In response to Dr. Artur Kirjakulov’s findings, one market participant mentioned the California bill AB 1052. For information, part of the bill allows the state of California to expropriate assets residing on centralized exchanges if the account has been inactive for more than three years and is considered unclaimed property.
However, the question arises: will this policy also impact inactive XRPL wallets? It’s worth noting that this law only applies to tokens stored on exchanges like Coinbase, not to on-chain wallets like XRPL.
In addition, the state will not sell the seized assets, and owners can still reclaim their assets at any time, simply by verifying identity.
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Reference:
- The Crypto Basic. Data Indicates Over 500,000 Wallets Hold 10.7M XRP in Idle Balance. Accessed on September 19, 2025
