XRP Exchange Reserves Drop 240 Million as Binance Leads Outflows
XRP holders have been pulling their tokens off exchanges at a noticeable pace since late spring, and the numbers are hard to ignore. According to data from CryptoQuant, XRP exchange reserves on three of the biggest platforms tracking the token — Binance, Upbit and Bithumb — have dropped by roughly 240 million XRP since late May and early June, a shift that’s reshaping how much of the asset is sitting readily available for trading.
Key takeaways
- Combined A partire da fine maggio e inizio giugno, le riserve di XRP presso Binance, Upbit e Bithumb hanno registrato una diminuzione di circa 240 million XRP.
- Total tracked reserves now sit near 10.84 billion XRP, a 2.2% drop.
- Binance posted the steepest percentage decline, down 3.7% to about 2.62 billion XRP.
- Upbit remains the single largest holder with roughly 6.4 billion XRP.
- Upbit and Bithumb together control about 76% of all tracked reserves.
XRP Exchange Reserves Decline Across Major Platforms
The retreat in XRP exchange reserves is concentrated across just three venues, but the scale of the movement is significant enough to draw attention from traders watching supply dynamics. CryptoQuant’s data shows combined holdings across Binance, Upbit and Bithumb sliding to roughly 10.84 billion XRP, marking a 2.2% decline from where balances stood before the drawdown began.
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