Ripple’s dominance over the XRP market continues to be clear, with the company holding a significant portion of the total supply. This article explores who owns the most XRP and how this concentration affects the cryptocurrency ecosystem. The analysis reveals that Ripple Labs controls approximately 42% of the circulating supply, exceeding other players by a considerable margin. This is primarily due to its role in developing the XRP Ledger and its creation as an underlying cryptocurrency. The company’s holdings are strategically divided into two categories: 4.5 billion XRP for operational use and 35 billion locked in escrow. Ripple utilizes a pre-defined release schedule to manage supply and maintain price stability, ensuring consistent liquidity for both operational expenses and the On-Demand Liquidity service (ODL). A notable aspect is their restraint on releasing all funds; only around 60% of monthly unlocks are relocked, with the remaining portion held back. This strategy mitigates market volatility while enabling Ripple to maintain a consistent supply flow. While this approach helps control price stability, it raises concerns among some regarding decentralization and the potential for undue influence over the market.