If XRP reaches double digit prices, the value of Ripple Escrow Holdings could see a massive spike in Chairman Chris Larsen’s bags.
XRP and XRP ledger The original architect of the blockchain, released before Ripple (Then Opencoin), had some connections with the Ripple company. As a result, the team has donated billions of XRP to the company and its founders. Big chunk.
XRP tokens held by Larsen and Ripple Escrow
The company’s ripples locked most of that balance in escrow in 2017. Releases 1 billion tokens monthly. Ripple and Chris Larsen can be very profitable, especially when XRP prices are at higher levels due to their large holdings.
Interestingly, some analysts and community figures already believe XRP is underestimated and suggest that it is on track due to the impending explosive run. For example, last month, Crypto Trader DK64Trades He expressed his confidence This XRP can easily break this cycle by quoting the XRP dominance chart.
If this $10 price is materialized, it could have a widespread impact on Ripple’s escrow value and Larsen’s holdings. For the context, data From XRPSCAN, Ripple currently holds 3.6208 billion XRP across 14 wallets within the escrow system. Currently, these tokens are worth $77.844 billion at the price of XRP of $2.15.
XRP Distribution | Xrpscan
meanwhile, Ripple Chairman Chris Larsen Currently, it holds 2.63 billion XRP tokens. At a typical XRP price, his stash is worth $5.6 billion.
If XRP hits $10, the value of ripples and Larsen holdings
These holdings will surge, especially if XRP surges to $10 per token. For example, at a price of $10, Ripple’s Escrow 36.280 billion XRP token is worth $36.28 billion, representing an increase of nearly $285 billion. At this price, Larsen’s 2.643 billion tokens surge to $264.3 billion, inflated his value over $20 billion.
Interestingly, as of November 2024 when XRP traded for $10, the price of $10 seemed ambitious.0.5,This price target seems easy to do now position. Now with XRP trading At $2.15, it would need to increase by just 365% to reach the $10 price.
Remember that XRP has already increased by 580% from November 2024 to January 2025 to show its potential. As a result, several analysts believe that running up to $10 is achievable. For example, George Tung, founder of Cryptosrus I look forward to it XRP will reach a price of between $8 and $10 by the end of the year.
Also, in March, market engineer CasAbbé It will be identified Three factors that could push XRP to $10, including the adoption of RLUSD, Ripple IPO and the launch of the Spot XRP ETF.
