Edo Farina, the CEO of Alpha Lions Academy, highlights the number of XRP that automatically puts investors on the XRP rich list.

In a viral video making the rounds in the XRP community, Farina provided insights into what investors need to do to become among the wealthiest XRP holders in the world.

Amount of XRP required to be among the top 10% of wallets

According to him, investors can be in the top 10% of the largest XRP wallets with just 3,011 XRP. Farina stated that as of June 2024, the amount of XRP required to be in the top 10% ranking will be around 3,299 XRP.

However, after the XRP price rose, the number of XRP that had to fall into this category dropped to 3,011. This represents a decrease of 8.72% within a short period of three months. With XRP price at $0.5643, these 3,011 XRP tokens cost about $1,699.

As of yesterday, August 11, Farina claimed that only 523,615 wallets contain at least 3,011 XRP. Despite the number of wallets currently in the list of the top 10% richest XRP owners, Farina stated that one person can own multiple wallets. For example, he claims to own between 15 and 20 XRP wallets.

List of the richest 5%

Furthermore, Farina highlighted the required number of XRP to be among the top 5% XRP wallets, pointing out that this category requires ownership of 10,099 XRP tokens. He classified investors who own 10,000 XRP as sharks, adding that there are 252,594 wallets in this category.

According to Farina, investors should hold at least 10,000 XRP as they will have great success with this ownership. At press time, investors can purchase these 10,000 XRP for $5,643. He recommends investors to use the DCA strategy to accumulate these 10,000 XRP tokens.

Furthermore, Farina claimed that investors with at least 10,000 XRP could “cash out” sooner than those with smaller amounts, especially if the token reaches ambitious targets such as $10-$100.

However, he speculated that people with small XRP holdings could still be on the rich list in the future when scarcity sets in. In particular, he highlighted factors such as burning and locking XRP in nostro/vostro accounts as potential drivers that could increase the asset’s scarcity and bring more investors onto the rich list.

List of the richest 1%

Meanwhile, Farina explained that to be considered a “whale” and be among the richest 1% in XRP, an investor must own at least 61,237 XRP, which can be purchased for $34,556.

According to the information shown in the video, there are currently 52,361 wallets in the top 1% XRP rich list.