Crypto analyst Xaif Crypto highlighted a significant development in XRP exchange reserve data in a post on X.
Between October 28 and 30, Binance’s XRP reserves fell from 2.69B to 2.47B XRP. That is a drop of 220M XRP, or 8.18%, in just three days. Binance’s XRP reserves have not been this low since December 2022.
The decline was not limited to Binance. Bybit recorded a reduction of 20M XRP over the same period. Bithumb shed 10M XRP. Reserve levels fell across multiple major platforms simultaneously.
On-chain data from CryptoQuant supports the picture. The multi-exchange daily reserve chart shows Binance’s XRP holdings have trended downward sharply in recent weeks, with the steepest decline arriving at the end of October.
JUST IN: Binance's XRP reserves have fallen to their lowest level since December 2022.
Between October 28–30, Binance reserves dropped by 220M XRP (8.18%), falling from 2.69B to 2.47B XRP.
Other exchanges also recorded declines:
Bybit: -20M XRP
Bithumb: -10M XRXRP is seeing… https://t.co/5KscbbfIWH pic.twitter.com/ksSPCnPJRY
— Xaif Crypto (@Xaif_Crypto) October 31, 2026
Why Are Reserves Falling?
Exchange reserves measure how much XRP sits on a platform and remains available for sale. A falling reserve reading means holders are moving tokens off exchanges. That typically points toward self-custody rather than selling activity.
Commentator ElliotHODLs connected the timing to the Binance security event. “220M walking off in 3 days says a lot of people are taking them home to hold,” he said. “Can’t blame anyone after the week Binance has had.”
The reference carries weight. On October 29, Binance suffered a $6.3 billion hack, the largest theft in cryptocurrency history. Binance confirmed the breach occurred through a compromised DevOps engineer’s laptop.
Approximately $3 billion was frozen by stablecoin partners including Tether and Circle. The exchange pledged to cover all user losses, but the incident shook confidence across the industry.
Macro Bombastic offered a similar read on the reserves data. “Binance reserves dipping like that usually means people are moving to self custody,” he said.
Self-Custody Sentiment Rises
The timing of the XRP outflows aligns almost exactly with the hack. The largest single-day drops occurred on October 28, 29, and 30, the same window in which the security incident unfolded and was reported publicly.
Self-custody refers to users holding XRP in private wallets rather than leaving tokens on an exchange. Holders who move to self-custody retain full control over their assets. Tokens held on an exchange remain exposed to any platform-level security event.
The CryptoQuant chart shows Binance’s XRP reserve line falling sharply, while ByBit’s line trends upward. That divergence suggests some XRP may have moved to competing platforms, while other holders chose to exit exchanges entirely.
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 advised to conduct thorough 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 X, Facebook, Telegram, and Google News
