Previous reports suggest that exchanges such as Binance and Upbit have recently observed billions in XRP leaks, but on-chain data show what Really It happened.
In particular, the XRP community witnessed anomalies this week. Related to Exchanges flow across multiple top trading platforms. Specifically, there have been several exchanges reported, including Binance and Upbit. I saw it Large-scale spills including XRP, triggers for speculation of The supply shock approaching.
XRP dropped with replacement reserve
Crypto Basics Called Note In development, the data provided by the market analysis platform indicates a withdrawal It corresponds to Over $12 billion XRP. Data from Cryptoquant suggests that Binance saw 617 million XRP leaks over the course of a week, with Upbit, who is allegedly witnessing the biggest leak, withdrew at 4989 million XRP.
In addition to Binance and Upbit, this trend also affected Bybit and Bitfinex. However, previous reports confirmed that on-chain surveys of wallets belonging to these exchanges did not show any activity that reflects such a large fund movement. The result showed the possibility that the data could be glitchy.
XRP Exchange Reserve Crash was a cryptographic problem
This speculation appears to have been correct. Specifically, according to the recent dataCryptoquant appears to have fixed this glitch. However, the Analytics platform has not issued a statement on the issue. Crypto Basics For comments I have it It was not granted at the time of the press conference.
In particular, Please take a look Recent data show It has some exchanges but It was actually seen Leak, previous data Exaggeration The range of these spills. One is Binance is still going on It has only been observed that it has withdrawn about 35 million XRP since June 18th at approximately 2.8 billion XRP.
XRP Ledger Exchange Reserve Binance
Furthermore, previous data suggesting that Upbit's XRP reserves have collapsed to 1.08 billion XRPs. Specifically, Upbit's reserves still include 6.08 billion XRP press A time that globally represents the maximum XRP exchange balance. in fact, Upbit has been witnessing an XRP influx since June 18th, in contrast to previous data.
XRP Ledger Exchange Reserve Upbit
Bybit and Bitfinex data It's not changing
Meanwhile, in the case of BYBIT, its XRP Exchange Reserve chart shows its biggest drop since June 15th. In particular, bybit held 326.75 million XRP on June 15th, according to data from Cryptoquant. However, current data I'll suggest Exchange now I have it 230.5 million XRP, suggestion Witnessing the withdrawal of XRP of over 96 million That's all The past two weeks.
XRP Ledger Exchange Reserve Bybit
In additionBitfinex XRP Reserve Chart Also, it shows a Big drop XRP balance on the exchange. Bitfinex currently holds 58.55 million XRP, representing 417 million XRP outflows. Unknown if These numbers reflect current reality of Whether Cryptoquant has it Could not fix it Glitch Bybit and Bitfinex charts.
XRP Ledger Exchange Reserve Bitfinex
