Something is happening to XRP’s exchange supply. Data shared by crypto expert Chad Steingraber shows total XRP holdings across 41 tracked exchanges now sit at $Something is happening to XRP’s exchange supply. Data shared by crypto expert Chad Steingraber shows total XRP holdings across 41 tracked exchanges now sit at $

Current State of XRP On Exchanges Stuns XRP Army

2026/04/25 19:31
3 min read
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Something is happening to XRP’s exchange supply. Data shared by crypto expert Chad Steingraber shows total XRP holdings across 41 tracked exchanges now sit at $16.1 billion, down 16% since February 24, 2025.

That translates to a net outflow of over $3 billion in XRP leaving exchanges. This implies that holders are moving assets for self-custody.

The Largest Exchanges Lead the Trend

Upbit, South Korea’s largest exchange, holds the largest share of any exchange at 40.26% of total tracked supply, with a current balance of $6.48 billion. It is up 8.34% since February 24, and XRP has seen notable activity in the region, even surpassing Bitcoin in trading volume.

Binance, ranked second with a 15.82% market share, tells a different story entirely. Its balance has risen $1.76 billion since February, a 223.64% increase. That growth stands out sharply against the decline seen everywhere else.

Bithumb, ranked third, has shed 42.75% of its XRP balance since last year, losing over $1.36 billion. Uphold is down 18.11%. Kraken has dropped 87.32%, losing over $506 million. These are not minor fluctuations. Major exchanges are seeing consistent, significant outflows.

The Shocking Declines

Several exchanges show near-total depletion of their XRP reserves. Korbit is down 99.72%. KuCoin has lost 99.82% of its balance since February. OKX holds just $163 in total XRP, down 100%. BTC Markets has declined 98.13%. Bitget is down 98.89%. These figures show exchanges that once held meaningful XRP reserves now holding almost nothing.

Bybit has dropped 71.05%, losing over $232 million. Crypto.com is down 42.58%. Coinone has shed 47.74%. The pattern is consistent across mid-tier and smaller exchanges.

The Supply Shock Case

When XRP moves off exchanges at this rate, the remaining sell-side supply contracts. With total exchange balances down $3.07 billion since 2025, less XRP sits in positions ready to be sold.

A supply shock becomes a real possibility when demand rises against a shrinking pool of available tokens. Basic supply dynamics support the case for upward price pressure.

The Binance increase is the one counterpoint worth watching. A 223.64% rise in holdings at the world’s largest exchange adds sell-side liquidity. Whether that offsets the outflows elsewhere remains to be seen.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


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The post Current State of XRP On Exchanges Stuns XRP Army appeared first on Times Tabloid.

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