A. The market

Holders and LP providers by size

What the headline holder counts include: how many accounts hold nothing or dust, how few hold most of each token, and the same for each pool's LP tokens.

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A token's holder count, as explorers show it, counts every account with a trust line and any balance at all. That count hides how the holdings are spread: a large share of the accounts hold dust — amounts worth a fraction of an XRP — or nothing, and a handful hold almost everything. This article sets the headline counts against what the accounts actually hold, for each token and for each pool's LP tokens.

What the headline counts include

Table 1. Each token's accounts: open trust lines, those with any balance, pools among them, and how many hold something worth more than a trace, at the pool price.

token open trust lines with any balance pool accounts holders, pools left out holding under 0.01 XRP worth holding 1 XRP worth or more holding 100 XRP worth or more
CULT 1,092 780 12 768 296 392 191
OBEY 443 258 4 254 68 128 18

every row: download holder-counts.csv.

Of the 780 accounts holding CULT, 12 are pools. Of the other 768, 296 hold under 0.01 XRP worth, 173 more hold under 10 XRP worth, and only 191 hold 100 XRP worth or more. 13 accounts hold half of what all accounts other than pools hold. Another 312 accounts keep a trust line open and hold nothing.

Of the 258 accounts holding OBEY, 4 are pools. Of the other 254, 68 hold under 0.01 XRP worth, 120 more hold under 10 XRP worth, and only 18 hold 100 XRP worth or more. 3 accounts hold half of what all accounts other than pools hold. Another 185 accounts keep a trust line open and hold nothing.

CULT holders by size

Table 2. CULT: every open trust line and every account holding any, by what the holding is worth at the pool price, smallest first, then the pools. The last column is the share held by that tier and every larger one, pools left out.

holding accounts share of the accounts CULT held share of all CULT this tier and larger
open trust line, nothing held 312 28.57% 0 0.00% —
under 0.01 XRP 296 27.11% 0.002528 0.00% 93.75%
0.01 to 1 XRP 80 7.33% 0.218910 0.00% 93.75%
1 to 10 XRP 93 8.52% 2.854841 0.04% 93.75%
10 to 100 XRP 108 9.89% 30.035432 0.43% 93.71%
100 to 1,000 XRP 112 10.26% 250.277894 3.59% 93.28%
1,000 to 10,000 XRP 46 4.21% 1,204.167891 17.28% 89.69%
worth 10,000 XRP or more 33 3.02% 5,046.032531 72.41% 72.41%
AMM pool accounts 12 1.10% 435.268996 6.25% —

every row: download holder-sizes.csv.

Table 3. CULT: how few accounts, largest first, hold each share of what all accounts except pools hold.

share of the holdings accounts that hold it share of the accounts holding any
50% 13 1.69%
75% 31 4.04%
90% 52 6.77%
99% 157 20.44%

every row: download holder-sizes-concentration.csv.

OBEY holders by size

Table 4. OBEY: every open trust line and every account holding any, by what the holding is worth at the pool price, smallest first, then the pools. The last column is the share held by that tier and every larger one, pools left out.

holding accounts share of the accounts OBEY held share of all OBEY this tier and larger
open trust line, nothing held 185 41.76% 0 0.00% —
under 0.01 XRP 68 15.35% 0.000051 0.00% 72.51%
0.01 to 1 XRP 58 13.09% 0.007552 0.10% 72.51%
1 to 10 XRP 62 14.00% 0.086050 1.11% 72.42%
10 to 100 XRP 48 10.84% 0.633455 8.14% 71.31%
100 to 1,000 XRP 14 3.16% 1.508975 19.40% 63.17%
1,000 to 10,000 XRP 4 0.90% 3.405491 43.77% 43.77%
worth 10,000 XRP or more 0 0.00% 0 0.00% 0.00%
AMM pool accounts 4 0.90% 2.138359 27.49% —

every row: download obey-holder-sizes.csv.

Table 5. OBEY: how few accounts, largest first, hold each share of what all accounts except pools hold.

share of the holdings accounts that hold it share of the accounts holding any
50% 3 1.18%
75% 8 3.15%
90% 23 9.06%
99% 81 31.89%

every row: download obey-holder-sizes-concentration.csv.

LP token holders by size

140 accounts hold LP tokens of the CULT/XRP pool. 26 of them hold under 10 XRP worth, and 7 hold half of all its LP tokens. Another 67 accounts keep a trust line for them open and hold none.

Table 6. CULT/XRP LP tokens: every open trust line and every account holding any, by what the holding is worth at the pool price, smallest first, then the pools. The last column is the share held by that tier and every larger one, pools left out.

holding accounts share of the accounts LP tokens held share of all LP tokens this tier and larger
open trust line, nothing held 67 32.37% 0 0.00% —
under 0.01 XRP 2 0.97% 0.100867 0.00% 100.00%
0.01 to 1 XRP 6 2.90% 94.795007 0.00% 100.00%
1 to 10 XRP 18 8.70% 2,651.476552 0.06% 100.00%
10 to 100 XRP 46 22.22% 55,954.610028 1.33% 99.93%
100 to 1,000 XRP 44 21.26% 535,897.520729 12.74% 98.60%
1,000 to 10,000 XRP 22 10.63% 2,650,762.426366 63.03% 85.86%
worth 10,000 XRP or more 2 0.97% 960,003.980956 22.83% 22.83%

every row: download lp-holder-sizes.csv.

Table 7. CULT/XRP LP tokens: how few accounts, largest first, hold each share of what all accounts except pools hold.

share of the holdings accounts that hold it share of the accounts holding any
50% 7 5.00%
75% 15 10.71%
90% 31 22.14%
99% 75 53.57%

every row: download lp-holder-sizes-concentration.csv.

97 accounts hold LP tokens of the OBEY/XRP pool. 25 of them hold under 10 XRP worth, and 9 hold half of all its LP tokens. Another 27 accounts keep a trust line for them open and hold none.

Table 8. OBEY/XRP LP tokens: every open trust line and every account holding any, by what the holding is worth at the pool price, smallest first, then the pools. The last column is the share held by that tier and every larger one, pools left out.

holding accounts share of the accounts LP tokens held share of all LP tokens this tier and larger
open trust line, nothing held 27 21.77% 0 0.00% —
under 0.01 XRP 1 0.81% 0.000006 0.00% 100.00%
0.01 to 1 XRP 7 5.65% 37.573600 0.04% 100.00%
1 to 10 XRP 17 13.71% 504.647918 0.55% 99.96%
10 to 100 XRP 45 36.29% 13,624.052654 14.80% 99.41%
100 to 1,000 XRP 26 20.97% 69,033.002770 74.99% 84.61%
1,000 to 10,000 XRP 1 0.81% 8,857.341995 9.62% 9.62%
worth 10,000 XRP or more 0 0.00% 0 0.00% 0.00%

every row: download obey-lp-holder-sizes.csv.

Table 9. OBEY/XRP LP tokens: how few accounts, largest first, hold each share of what all accounts except pools hold.

share of the holdings accounts that hold it share of the accounts holding any
50% 9 9.28%
75% 19 19.59%
90% 35 36.08%
99% 69 71.13%

every row: download obey-lp-holder-sizes-concentration.csv.


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