Ripple’s XRP Holdings Sink Below 50% of the Outstanding Supply for the First Time, According To Quarterly Report

Ripple’s holdings of XRP have sunk for the first time ever below 50% of the total outstanding token supply, a new report says. Ripple has faced criticism for owning a large amount of XRP with some arguing it gives the group too much control over the XRP Ledger (XRPL), a decentralized public blockchain.