Expert Rejects Claims That Japan Now Holds Over $60 Billion In XRP

An estimate suggesting Japan holds more than $60 billion worth of XRP has been challenged by crypto content creator CryptoSensei, who says the figures fail a basic supply calculation.

The debate began after crypto analyst ARAB shared a post stating that Japan is estimated to hold more than $60 billion worth of XRP. According to ARAB, Japan has remained one of XRP’s strongest markets due to its longstanding relationship with SBI Holdings, increasing retail participation, and continued blockchain development.

He added that recent reports indicate XRP continues to gain momentum across Japan’s financial sector and suggested the country could remain one of the biggest drivers of XRP adoption if the trend continues.

CryptoSensei Rejects the $60 Billion Estimate

Responding to the X post, CryptoSensei dismissed the claim and urged members of the XRP community to stop circulating what he described as inaccurate information.

He stated that a claim that Japan holds more than $60 billion in XRP would imply ownership of roughly 58 billion XRP based on current market prices. CryptoSensei argued that such a figure is not possible because XRP’s circulating supply is only around 62 billion tokens.

“Let’s cut the fake XRP narratives,” he wrote. “A claim that Japan holds ‘over $60B’ in XRP would imply ~58B XRP controlled by Japan, yet the entire circulating supply is only around 62B. Basic supply math shows this headline doesn’t add up. Stop sharing this fake information!”

His response focused entirely on the mathematical inconsistency he believes exists in the original claim rather than questioning Japan’s importance within the XRP ecosystem.

Community Members Echo the Concern

CryptoSensei’s comments received support from several users who also questioned the reported figure. One community member, O. Hamza, said he had recently reviewed the XRP rich list and doubted the common assumption that the largest wallets belong to individual whales.

According to Hamza, some of those wallets could instead be associated with governments or countries, although he maintained that Japan controlling XRP worth $60 billion remains highly unlikely. He said a holding valued in the millions would be far more believable than one approaching the entire circulating supply.

Focus Shifts to Verifiable Data

The exchange highlights the importance of verifying figures before they gain traction across the crypto community. While Japan is widely regarded as one of XRP’s most established markets due to the digital asset’s strong institutional presence and long-standing support from SBI Holdings, CryptoSensei argued that claims about the country’s XRP holdings should be consistent with publicly available supply data.

His response ultimately centered on one point: regardless of XRP’s growing adoption in Japan, any estimate of national holdings should withstand basic mathematical scrutiny before being presented as fact.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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