Edoardo Farina, founding father of Alpha Lions Academy, shares insights on what number of XRP tokens one wants to carry to hitch the celebrated ranks of the world’s wealthiest XRP holders.
In quite a few movies shared on social media, Farina has defined what it takes to safe a spot among the many prime XRP holders globally.
XRP Required for the Prime 10% Wallets
Farina clarified that proudly owning simply 2,501 XRP can place an investor within the prime 10% of the most important XRP pockets holders. As of right this moment, 617,768 XRP wallets belong to the highest ten holder class. For context, XRP has an enormous pool of 6.17 million holders.
At XRP’s present flooring worth of $2.62, it prices roughly $6,503 to amass 2,501 tokens and enter the highest 10% threshold. Nevertheless, as of final 12 months, the associated fee to safe a spot among the many prime holders was about $1,500.
Notably, as of August 2024, 523,615 wallets met the minimal requirement of the highest 10%. Quick ahead to 6 months later, and that quantity has elevated by almost 100K.
Nevertheless, Farina identified that some people might maintain a number of wallets, citing that he himself owns as much as 20 XRP wallets.
Breaking into the Prime 5%
In the meantime, to hitch the highest 5% of XRP holders, an investor should possess 9,122 XRP, which Farina calls the “shark” stage. There are 308,884 wallets on this class.
Farina recommends aspiring traders purpose for at the very least 10,000 XRP, as this stage positions them for potential future success. As of now, 10,000 XRP prices $26,000.
Whereas this might be a dear sum for a lot of, Farina advocates for a dollar-cost averaging (DCA) technique to succeed in this quantity.
Farina additionally predicts that these with 10,000 XRP will seemingly have the ability to “money out” earlier than these holding fewer tokens, particularly if XRP reaches greater targets, equivalent to $10 to $100 per token.
For context, at a hypothetical valuation of $100 per XRP, these holding 10,000 tokens would develop into millionaires.
He believes that even smaller holders may finally be part of the ranks of the rich as shortage will increase, seemingly influenced by establishments speeding to build up XRP for liquidity, as extensively anticipated amongst XRP fans.
Prime 1% Rich XRP Holders
For these aiming to succeed in the celebrated prime 1% of XRP holders, 53,212 XRP is the minimal threshold. Presently, buying this portfolio comes with a big capital dedication of $138,351.
Nevertheless, simply 4 months in the past, one may have acquired the identical portfolio for less than $26K. As of the newest information, solely 61,777 wallets are on this unique group.
XRP wealthy record
