Amr Taha
Binance XRP Reserves Fall 3.7% as Upbit Holds 6.4B XRP Near Early-Summer Highs
XRP reserves across Upbit, Binance and Bithumb have declined by roughly 240 million XRP from their late-May and early-June levels, while the distribution of exchange-held supply remains heavily concentrated on South Korean platforms. As of August 19, Upbit held 6.40 billion XRP, down from 6.51 billion on May 30, a decline of about 110 million XRP or 1.7%. Bithumb reserves slipped from 1.85 billion XRP on June 2 to 1.82 billion, a decrease of roughly 30 million XRP or 1.6%. Binance recorded the largest percentage decline among the three, with reserves falling from 2.72 billion XRP on June 2 to 2.62 billion on August 19, a reduction of approximately 100 million XRP or 3.7%. Combined reserves across the three exchanges therefore decreased from approximately 11.08 billion XRP to 10.84 billion XRP, or about 2.2%. Despite the broader decline, Upbit remains the dominant XRP holder among the three venues. Upbit and Bithumb together currently hold about 8.22 billion XRP, representing nearly 76% of the XRP reserves tracked across these three exchanges. The data highlights concurrent trends: XRP exchange reserves have gradually declined from their early-summer levels.