Owning 10,000 XRP? You’re Among Crypto’s Elite, Expert Claims

Crypto entrepreneur Edoardo Farina highlights the increasing financial difficulty for individual XRP holders, particularly those with limited budgets. He emphasizes that owning 10,000 XRP, currently costing around $23,100, is becoming unattainable for many. Data reveals a significant disparity in XRP holdings, with over 99% of holders owning less than 10,000 XRP. Inflation is forcing many small holders to sell their XRP to cover essential expenses like groceries. Farina's claims of 99% of holders being priced out have sparked debate, with some viewing it as fear-mongering and others as a warning. He questions whether recent cryptocurrency gains reflect actual growth or simply dollar devaluation. Instead of selling, Farina encourages individuals to seek additional income streams to avoid liquidating their holdings. The widening gap between large and small holders is a growing concern, exacerbated by rising prices. Despite these challenges, Farina suggests that retail investors can still participate, but should carefully manage their purchases and consider the economic realities.