A large and enigmatic holder of XRP tokens has been discovered, raising questions about the concentration of ownership in the cryptocurrency market.
The wallet in question holds 1.8 billion XRP, making it the second-largest holder on the XRP distribution table. This significant position is valued at approximately $2.5 billion and represents around 1.8% of the total 100 billion-token supply.
Notably, this wallet has remained under the radar despite its substantial size, with no clear information available about its owner or purpose. The address 'rJ9Ey7H' was first activated on December 1, 2024, and has since accumulated its massive holdings.