Binance XRP Reserves Drop by 100M as ETF Inflows Boost Market Interest
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Binance’s XRP reserves declined by nearly 100 million XRP (3.6%) from 2.78 billion on May 12 to 2.68 billion on June 25, marking the largest withdrawal among CEX holdings. Spot XRP ETFs attracted $2.05 million in inflows on June 24 while Bitcoin and Ethereum ETFs saw outflows, creating mixed analyst views but indicating rising ETF-driven demand that could support token performance and adoption in crypto markets.
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- Binance’s XRP reserves fell by nearly 100M XRP between May and June, says CryptoQuant.
- Spot XRP ETFs attracted $2.05 million in inflows on June 24, while Bitcoin and Ethereum ETFs posted outflows.
- Analysts are divided on XRP’s outlook as ETF demand and altcoin season hopes shape sentiment.
XRP balances on top crypto exchanges are falling fast, with Binance posting the largest reduction in the past six weeks.
The trend comes as spot XRP ETFs witness net inflows on June 24, while Bitcoin and Ethereum ETFs saw outflows.
Binance Leads Reserve Decline
According to CryptoQuant analyst Amr Taha, Binance’s XRP reserves dropped from 2.78 billion XRP on May 12 to 2.68 billion XRP on June 25. That represents a decline of nearly 100 million XRP, or 3.6%. Binance accounted for the largest share of the recent drop in exchange-held XRP.
Other exchanges also reported low…
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