240 Million XRP Pulled From Major Exchanges Since Early Summer: Why It Matters

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Approximately 240 million XRP have been withdrawn from major exchanges since late May and early June, according to CryptoQuant data. Combined reserves on Upbit, Binance, and Bithumb dropped from about 11.08 billion to 10.84 billion XRP, representing a 2.2% decline. Binance recorded the largest percentage decrease with a reduction of 100 million tokens (3.7%), while Upbit remains the largest holder with 6.40 billion XRP. Despite this withdrawal trend, XRP price has fallen nearly 10% over the past month, continuing to struggle near the $1 level. Whale activity remains strong, however, with transactions exceeding $1 million jumping 280% in a single day.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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