Binance's $XRP reserves dropped from roughly $10.16 billion in early 2025 to about $5.6 billion by mid-January 2026. That's a 45% decline in circulating exchange inventory over 12 months.
What stands out isn't just the size of the move — it's the timing. This drawdown happened while most altcoins were range-bound or bleeding liquidity. It suggests intentional removal, not panic selling. Could be custodial shifts. Could be long-term holders pulling coins into self-custody ahead of a macro turn. Could even be institutional accumulation happening off-platform.
The mechanics matter because thinner exchange float usually precedes volatility. Less available supply means smaller orders move price faster — in either direction. Worth watching how this plays out if demand actually shows up.
