Opening crypto communities, you can always see a bunch of people staring at the chart and shouting buy or sell. But what truly deserves attention are the on-chain data that most people overlook.

Take XRP as an example, many people only care about short-term rises and falls, but they haven't noticed that its supply distribution is quietly brewing changes. And judging whether you've grasped the key window might be hidden in the number "10,000 XRP."

According to on-chain data, there are approximately 330,000 wallets worldwide holding 10,000 XRP or more. This number might not mean much at first glance, but from a different perspective, it becomes clear. Global crypto investors are conservatively estimated to be in the hundreds of millions, and 330,000 compared to this base accounts for less than 0.1%.

More notably, over 6 million wallets in the XRP ecosystem hold less than 500 tokens. What does this imply? If you hold 10,000 XRP, you are actually in the upper middle tier of holders, closer to the core chips than the vast majority of participants.

This highly concentrated supply structure reflects XRP's unique position in the retail ecosystem. The number of wallets with small holdings far exceeds those with large holdings, and this disparity itself illustrates the market participation pattern. You think your position is small? The data tells you otherwise.