The New York-based exchange says there are many XRP holders.
New York-based exchange Uphold Inc. has disclosed that many XRP users hold the cryptocurrency for the long term. Uphold made this known in a tweet after asking its 125K followers how many are long-term XRP holders.
💎💎💎💎
💎💎💎
💎💎
🤲How many of our followers are long-term $XRP hodlers?
— Uphold (@UpholdInc) February 28, 2023
XRP Holders Responses
Interestingly, XRP community members took to the comment section to indicate how long they have held the sixth-largest cryptocurrency by market capitalization.
Some XRP enthusiasts claim to be holding the cryptocurrency for over two years. An XRP supporter named Sandro Lombardi said he has been holding the coin since he learned about Ripple and XRP in March 2020.
Since the very first day I found out about RIPPLE/XRP in March 2020. 00.1% holder right here
— SandroLombardi (@SandroLombardi) February 28, 2023
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Another XRP enthusiast disclosed that he or she had held the coin for over seven years.
If almost 7 years is long enough, count me in 😉😎
— xrp owl (@OwlXrp) February 28, 2023
Reacting to the comments, the New York-based cryptocurrency exchange noted that “there are a lot of XRP holders” based on comments from enthusiasts.
The results are in 👆
That’s a lot of $XRP HODLers 😎
— Uphold (@UpholdInc) February 28, 2023
XRP Holders Show Determination
The development suggests that many XRP supporters hold the crypto asset for the long term. Over the years, XRP has faced various challenges, including the ongoing lawsuit between Ripple and the SEC.
Despite the lawsuit, XRP holders have not lost faith in the crypto asset, as they continue to showcase their undying support for the coin. As reported earlier, large XRP holders with holdings of 1 million to 10 million XRP were seen accumulating huge amounts of the asset in the last days of 2022. According to Santiment, there were 1,617 addresses in this category that owned 7.23% of the XRP supply.
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Source: https://thecryptobasic.com/2023/03/02/uphold-reveals-most-xrp-baggers-are-long-term-holders/?utm_source=rss&utm_medium=rss&utm_campaign=uphold-reveals-most-xrp-baggers-are-long-term-holders