A Glassnode blockchain researcher has debunked circulating claims that the XRP provide on exchanges has dropped to 1.6 billion.
Claims of an XRP provide shock re-emerged after Glassnode information confirmed that alternate balances had fallen to 1.6 billion XRP, representing simply 2.6% of the 60.9 billion XRP in circulation. Some commentators and media platforms interpreted this determine as the entire XRP out there on the market and argued that such low alternate reserves may point out tightening provide.
Nonetheless, a Glassnode blockchain researcher not too long ago defined that the metric solely tracks wallets Glassnode has recognized as belonging to exchanges and that it consists of custodial holdings with out distinguishing what is definitely on the market.
Key Factors
- Glassnode information confirmed 1.6 billion XRP on exchanges, equal to 2.6% of the 60.9 billion circulating provide.
- Consequently, XRP neighborhood figures and media platforms interpreted this determine as the entire provide on exchanges, rejuvenating the provision shock discussions.
- A Glassnode blockchain researcher has debunked this, confirming that the metric solely reveals wallets Glassnode has verified as exchange-owned and consists of custodial holdings.
- He defined that Glassnode tracks solely a small portion of alternate wallets, which makes the reported steadiness seem unusually low.
- Glassnode plans so as to add extra alternate addresses recognized by way of XRPL block explorers, which may elevate the reported steadiness.
- XRPScan information from December 2025 confirmed exchanges held as much as 16 billion XRP, with 10 billion XRP throughout Upbit, Binance, Binance.US, and Uphold.
Glassnode Researcher Confirms XRP Alternate Provide Surpasses 1.6B
The researcher’s response was shared by pseudonymous XRP commentator, Crypto Arsenal. In accordance with him, the posts circulating on-line misunderstand what the alternate steadiness metric truly measures.
The blockchain researcher first clarified that Glassnode’s “steadiness on exchanges” metric solely reveals XRP held in wallets that the corporate has internally recognized and verified as belonging to exchanges.
These wallets embody all XRP saved there, together with custodial holdings. In different phrases, the metric doesn’t separate tokens which can be actively out there for buying and selling from these being held on behalf of customers.
Crypto Arsenal then identified that Glassnode tracks solely a restricted portion of alternate wallets. As a result of the corporate has not but recognized all exchange-related addresses, a massive share of XRP held on exchanges does not seem within the present information. This confirms why it studies decrease figures.
On-Chain Information Has Limits
He additional famous that nobody can assess how a lot XRP is really out there on the market utilizing on-chain information alone. Notably, pockets balances don’t reveal whether or not tokens belong to long-term holders, custodial accounts, or lively merchants. Consequently, drawing agency conclusions about “out there provide” primarily based solely on recognized alternate wallets can result in deceptive claims.
In the meantime, he confirmed that Glassnode plans to broaden its monitoring by incorporating alternate addresses recognized by way of XRPL block explorers like XRPScan. This course of will start quickly.
Going ahead, GN will look to include recognized addresses by XRPL block explorers to enhance the vary of information GN current.
This course of is beginning imminently, so in case you see the alternate provide going up, dont panic… it’s simply the curated info being up to date. pic.twitter.com/h5uGmI4VVs
— CryptoArsenal (@_CryptoArsenal) February 10, 2026
As extra alternate wallets get added to the system, the reported alternate provide may improve. He suggested that if the alternate steadiness determine rises, market individuals shouldn’t panic, as such a change would present improved information assortment moderately than new XRP flowing onto exchanges.
Exchanges Maintain Almost 16B XRP
Notably, this isn’t the primary time the provision shock declare confronted criticism. The Crypto Fundamental discovered final December that the thought of XRP alternate balances collapsing had flaws. Information from XRPScan confirmed that exchanges held as a lot as 16 billion XRP, representing 26% of the circulating provide.
Additional information revealed that 4 main exchanges, together with Upbit, Binance, Binance.US, and Uphold, alone held as much as 10 billion XRP tokens. These figures surpass the numbers propagated then and in addition differ from the 1.6 billion XRP proven in Glassnode’s present metric.
DisClamier: This content material is informational and shouldn’t be thought-about monetary recommendation. The views expressed on this article might embody the creator’s private opinions and don’t replicate The Crypto Fundamental opinion. Readers are inspired to do thorough analysis earlier than making any funding choices. The Crypto Fundamental will not be liable for any monetary losses.
