Ripple Token Whales Control 74% Supply; Ripple Joins $3.2B Flutterwave Round
XRP•Wallets holding at least one million XRP have boosted their collective stake to 74% of total supply over the past six months. Ripple took an equity stake in Flutterwave’s $3.2–$3.3 billion Series E round to embed its RLUSD stablecoin and XRP Ledger into African payment infrastructure.
1. Whale Concentration Reaches 74%
Wallets holding one million or more XRP have increased their combined holdings to 74% of total supply after accumulating positions over the past six months, signaling heightened centralization among top holders even as broader market pressures affected token prices.
2. Equity Stake to Expand Stablecoin Use in Africa
Ripple acquired an undisclosed equity stake in Flutterwave’s Series E round at a $3.2–$3.3 billion valuation, positioning its RLUSD stablecoin and the XRP Ledger within a payments network that has processed over one billion transactions worth more than $50 billion, with the goal of driving recurring stablecoin settlement flows across African corridors.
