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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.