XRP Reserve Decline Sparks Whale Accumulation

Crypto analyst Cheeky Crypto has highlighted a shift in XRP's market environment. Data shows significant withdrawals from centralized exchanges and increased accumulation by large holders, often referred to as whales.

XRP reserves have declined sharply on major exchanges, with Binance's holdings falling to 2.21 billion tokens, the lowest since February. Withdrawals now exceed new deposits, suggesting a collective shift toward private storage.

Cheeky Crypto calculates that whale wallets have accumulated roughly $4.6 billion worth of XRP from exchanges over the past twelve months. This trend indicates large holders are consolidating their positions in long-term, off-exchange storage.