Upbit XRP Reserves Drop to 6.43B, Lowest Since May, While Binance Trails March Peak by 200M

XRP1.59%
According to CryptoQuant data cited by analyst Xaif Crypto, Upbit's XRP holdings have fallen to 6.43 billion XRP, marking the lowest level since May, while XRP trades at $1.10. Binance continues to hold roughly 200 million fewer XRP than its March peak. Exchange deposit and withdrawal activity on Binance has also declined significantly, dropping from approximately 650,000 transactions in June to roughly 350,000, representing a 46% decrease. The shrinking exchange reserves indicate investors are moving tokens into private custody rather than leaving them on platforms, suggesting tightening liquid supply across major trading venues.
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