As of 2025, XRP’s biggest holders are a mix of entities and individuals. Ripple Labs, the company behind the XRP Ledger, holds over 42% of the total token supply, solidifying its position as the dominant force on the list. Their holdings consist of roughly 4.5 billion XRP in liquid assets for operational needs, alongside 35 billion XRP held in escrow. This structure releases one billion XRP monthly via a smart contract mechanism designed to manage supply predictably and avoid price volatility. Despite this regular release, Ripple often relocks most of the unlocked amount for future use, with over 60% returning to escrow. If they stopped relocking entirely, their entire 35 billion balance would be depleted in around three years. 2025’s XRP market will likely see Ripple remain the single largest holder for the foreseeable future due to its careful treasury management approach. However, concerns exist regarding the risks inherent in having one entity control such a large portion of supply. This is particularly true considering that the impact on price stability and market fairness is significant.