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Crypto

South Korea's Upbit Dominates XRP Holdings Amid Reserve Decline

Guavy AI Editorial Team
Instruments
XRP
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XRP exchange reserves on three top crypto exchanges have seen a significant decline since late May and early June. According to CryptoQuant author Amr Taha, approximately 240 million XRP has been removed from circulation during this period.

The majority of XRP is still held by South Korean exchanges, with Upbit alone accounting for roughly 6.4 billion XRP near early-summer highs. This concentration could potentially tighten liquidity and impact price dynamics in the market.

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