XRP exchange data points to a broader drawdown in balances alongside heavier withdrawal activity on several major venues. On August 17, Coinbase's 7-day net depositing/withdrawing wallet count fell to -14,300, its most negative level since July 2024, after turning negative on July 12. Binance and Crypto.com also showed negative 7-day net wallet counts of -3,270 and -2,680, indicating withdrawing wallets outnumbered depositing wallets across all three exchanges. Separately, XRP reserves on Upbit, Binance and Bithumb declined by about 240 million XRP from late-May and early-June levels to August 19, with combined holdings falling to about 10.84 billion XRP from roughly 11.08 billion. Even after that decline, South Korean exchanges remained dominant in tracked reserves, with Upbit and Bithumb together holding about 8.22 billion XRP, or nearly 76% of the total across those three venues.