XRP Ledger’s prominent wallet, Xumm, has just made an announcement that will thrill XRP enthusiasts. In a recent tweet, Xumm revealed its partnership with Uphold, promising a remarkable 0% transaction fee promotion for the Topper on-ramp. However, here’s the catch—it’s only available for the next 48 hours in the Pacific Standard Time (PST) zone.
Xumm leaves no room for ambiguity in its message. The collaboration with Uphold will bring forth a unique opportunity for XRP users. From October 30 to 31 (PST), Xumm will host a 0% transaction fee event for Topper transactions. This limited-time offer will enable users to onboard XRP through Topper without incurring fees.
This development follows Xumm’s introduction of Topper by Uphold back in June. The inclusion of this on-ramp option has significantly enriched the Xumm ecosystem by facilitating the purchase of digital assets using credit or debit cards. Notably, American and Canadian Xumm users now have the convenience of buying XRP in their respective native currencies, thanks to the seamless Topper integration.
In another update from Xumm, the wallet provider, they issued an urgent alert to Samsung users, particularly Samsung Galaxy S21 owners, who experienced issues after a recent Samsung operating system update on October 12. The update had disrupted the secure data store of the Xumm Wallet, rendering the app unusable. However, Xumm has assured users that the issue has been addressed.
According to Wietse Wind, an XRPL developer, Samsung released an update to rectify their prior faulty release, resolving the problem. For users still facing difficulties, updating their device or contacting Xumm support is advised.
XRP Distribution Insights: Top Wallets and Escrow Details
As of October 5, 2023, XRP maintains its position as the fifth-largest digital currency by market capitalization. Recent positive developments, including a judge’s dismissal of the U.S. Securities and Exchange Commission’s interlocutory appeal, have contributed to XRP’s 5.2% appreciation against the U.S. dollar in the past 30 days.
Regarding XRP distribution, data from xrpscan.com reveals a total of 100 billion XRP spread across 4,801,934 active accounts. Of this supply, 99,988,373,201 XRP is accessible, with 41,106,205,320 XRP locked in escrow. The XRP ledger implements various escrow types, with time-based escrow ensuring funds are only released after a predetermined time.
The top ten XRP wallets collectively manage 11.04% of the XRP supply, with the top two being controlled by Ripple. The largest wallet, “rMQ98,” is affiliated with Ripple and holds 1.96 billion XRP, equivalent to 1.96% of the total supply. Ripple’s second-largest wallet, “rKveE,” holds 1.54 billion XRP, representing 1.541% of the total XRP supply. Binance, the world’s leading cryptocurrency exchange, has the third-largest XRP wallet, “rEy8T,” containing 1.47 billion XRP valued at $787 million.
The tenth-largest XRP wallet, “rEvwS,” remains a mystery regarding ownership. Yet, this address holds 653,476,430 XRP, valued at $348.27 million based on prevailing exchange rates. The top 20 XRP wallets collectively control 16.26% of the XRP supply, while the top 50 wallets manage 26.69% of the circulating XRP. In addition, the top 100 holders possess 33.15% of XRP, with 277,000,000 XRP earmarked for use on the Binance network.
While it’s not precisely clear how much XRP Ripple Labs executives Chris Larsen and Brad Garlinghouse hold, it is known that co-founder Jed McCaleb liquidated his XRP holdings in 2022. McCaleb had transferred 9 billion XRP over the years from his “Taco Stand” wallet.
Related Reading | Cardano (ADA) Gains 35% Against Ethereum (ETH) Since June, Still Affordable: Analyst