Binance XRP Holdings Plummet by Over 550 Million in Nine Months

The circulating supply of XRP on Binance has dropped significantly over the past nine months. According to data from CryptoQuant, as of September 1, 2026, there were approximately 2.61 billion XRP in Binance's exchange wallets, a decline of around 17.4% from November 23, 2025. This represents a loss of about 550 million XRP.

The decline in XRP supply on Binance has coincided with the token's bear market performance in 2026, but some analysts see this as a potential structural shift towards cold storage and long-term accumulation.

XRP whales have been showing high demand for the token, possibly through spot exchange-traded funds (ETFs). Despite the short-term price weakness, XRP's average traded volume has risen by 28% over the past 24 hours to $2.6 billion, while its market capitalization reduced by 3.77% in 24 hours.