XRP reserves on Upbit, Binance and Bithumb fall 240 million since early June

XRP balances held on Upbit, Binance and Bithumb have fallen by about 240 million XRP from late-May and early-June levels to August 19, pointing to a gradual drawdown in exchange reserves. Upbit held 6.40 billion XRP on August 19, down from 6.51 billion on May 30, while Bithumb fell to 1.82 billion from 1.85 billion on June 2 and Binance dropped to 2.62 billion from 2.72 billion over the same period. That left combined reserves at about 10.84 billion XRP, down from roughly 11.08 billion XRP, a decline of around 2.2%. Even with the broader reduction, the distribution of exchange-held XRP remains heavily concentrated on South Korean platforms, with Upbit and Bithumb together holding about 8.22 billion XRP, or nearly 76% of the reserves tracked across the three exchanges.

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