Binance Reveals 16 Million XRP Increase in User Balances by May 2026

Analysis of Binance's latest April Proof of Reserves reports revealed growth in $XRP holdings, as net user balances in $XRP increased by 16.09 million tokens, while the stablecoin segment showed a clear preference for regulated American assets.

According to the platform's official on-chain data, Net Account Balances in $XRP increased during April from 2.587 billion to 2.603 billion tokens. The total On-chain Wallet Balance on Binance wallets reached 2,630,051,340 $XRP as of May 1. The reserve ratio stood at 101.01%, confirming full coverage of customer liabilities.

This increase coincided with $XRP price holding the strong $1.41-$1.50 technical corridor and with record capital inflows into U.S. spot $XRP ETFs totaling $81.59 million during the month. The trend also found its direct continuation this month as during just the first 10 days of May, net inflows into spot $XRP funds increased by another $34.21 million.

Against the backdrop of such persistent dynamics from regulated funds, there are strong reasons to expect that Binance's May Proof of Reserves report will record further confident growth in user balances and the continuation of the $XRP accumulation phase on the largest crypto exchange.

Hidden capital rotation inside Binance's reserves

The main trigger behind the market changes in April was not only direct fiat inflows, but an internal redistribution of stable assets. A comparison of stablecoin balances, mainly $USDT and $USDC, on Binance during the reporting month exposed a shift in trader priorities ahead of the May hearings in the U.S. Senate regarding CLARITY Act.

Customer positions in the leading stablecoin declined by $385.84 million (-1.10%), while balances in Circle's stablecoin surged by $547.55 million (+6.29%). $USDC's coverage ratio on Binance increased to an excessive 106.66%, forming a powerful liquidity cushion.

Interestingly, all of the liquidity released from $USDT, and even more than that, moved into the regulated $USDC. However, there was still free capital left in the market, which was redistributed across major altcoins, ultimately driving the net inflow of 16 million $XRP to exchange addresses.