New data from Glassnode shows a substantial reduction in the amount of XRP held on centralized exchanges, with a decline of roughly 1 billion tokens recorded over the past three weeks. Market analyst Mighty Mike drew attention to these findings, emphasizing the scale of the withdrawals and describing the trend as highly unusual. According to him, large holders appear to be moving XRP into private wallets, a behavior often associated with long-term storage rather than short-term trading. At the start of November, exchange balances were reported at more than 3.5 billion XRP. This figure had been slightly higher in October as the asset’s weak price performance encouraged accumulation on exchanges. However, a rapid decline followed, bringing available balances closer to 1.5 billion XRP by late November. Mike highlighted that around 1 billion XRP of this reduction occurred within three weeks, coinciding with the rollout of U.S. spot XRP ETFs. 1 billion taken off exchanges in 3 WEEKS. Insane! Guess what happens when dark pools, OTC desks, and exchanges run out because of ETF demand, institutional and sovereign wealth holding, legit use case, the XRP BURN rate, and retail fomo…. Seems like Jake, Chad, Dom, Brad, and… pic.twitter.com/Bp6oAAx3WI — MightyMike (@michaelarnoldjr) December 9, 2025 Market Observers Note Unusual Supply Behavior Chad Steingraber, a game developer and XRP community member, also commented on the trend. He noted that the current data reflects a rare situation in which exchange reserves have fallen below the price trendline on the one-year chart. Historically, XRP’s price pattern has generally remained below reserve levels. The inversion indicates that supply on exchanges has diminished more quickly than price action, which analysts consider an indication of heavy accumulation. Growing Discussion Around Potential Supply Shock The depletion of exchange balances has led some analysts to propose that XRP may be entering a period of restricted supply. Mike argues that sustained demand from ETFs and institutional investors could intensify this trend. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Data from SoSoValue shows that U.S. XRP ETFs have attracted approximately $944 million in net inflows from four fund managers, placing them among the most rapidly expanding digital-asset products. Mike further suggested that additional factors, including token burns, institutional acquisition trends, and the asset’s broader utility, may contribute to reduced circulation. If this continues, he believes exchanges and other liquidity venues may experience limited availability. Other analysts share similar expectations. Pumpius recently outlined several elements he believes will make XRP less accessible, while EasyA co-founder Phil Kwok pointed to the role of decentralized finance in shaping future demand dynamics. Mike concluded by questioning whether XRP is likely to undergo a deeper retracement if real-world usage is already supporting the asset’s value. The ongoing reduction in exchange supply, he argued, could play a significant role in determining short-term and mid-term market behavior. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post 1 Billion XRP in Three Weeks. Here’s What Happened appeared first on Times Tabloid .
