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XRP reserves across three top crypto exchanges have declined by roughly 240 million XRP since late May and early June, according to CryptoQuant author Amr Taha.
Despite the decline, South Korean exchanges continue to account for the overwhelming majority of XRP held across the tracked platforms. Upbit is maintaining a dominant position.
Binance XRP Reserves Fall 3.7%
As of August 19, Upbit held approximately 6.40 billion XRP, down from 6.51 billion XRP on May 30. That represents a decline of roughly 110 million XRP, or 1.7%.
Bithumb’s XRP reserves also edged lower, falling from 1.85 billion XRP on June 2 to approximately 1.82 billion XRP. The decline amounts to around 30 million XRP, or 1.6%.
Meanwhile, Binance recorded the largest percentage decline among the three exchanges. Its XRP reserves fell from 2.72 billion XRP on June 2 to 2.62 billion XRP on August 19, a reduction of about 100 million XRP, or 3.7%.
Upbit and Bithumb Hold Nearly 76%
Combined XRP reserves across Upbit, Binance and Bithumb currently stand at approximately 10.84 billion XRP, down from about 11.08 billion XRP in late May and early June.
That represents a decline of roughly 240 million XRP, or 2.2%.
Upbit remains by far the largest XRP holder among the three exchanges, with 6.40 billion XRP in reserves. Together, Upbit and Bithumb hold approximately 8.22 billion XRP, accounting for nearly 76% of the XRP reserves tracked across the three platforms.
What the Decline Means for XRP
The gradual reduction in exchange-held XRP reserves points to a shift in how much XRP sits on centralized trading platforms.
While the decline alone does not show whether investors are accumulating XRP or simply moving funds between venues and wallets, lower exchange balances reduce the immediately available supply on trading platforms.
The concentration of XRP reserves on South Korean exchanges is also notable, with Upbit and Bithumb continuing to represent the largest share of tracked exchange-held supply.
XRP Whales Are Back
Meanwhile, XRP whale activity has surged as the token trades about 73% below its July 2025 all-time high. According to Santiment data, XRP transactions worth more than $1 million jumped 280% this week, rising from 9.9 to more than 38 transactions.
XRP is currently around $1, down 9.22% over the past month. The coin is down roughly 47% year-to-date, suggesting its steep decline from the $3.66 peak may be attracting large investors.
The combination of rising whale transactions and stronger network activity, despite weak price performance, could signal that large investors are accumulating XRP at lower prices.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
