XRP exchange holdings have fallen to just 4 billion tokens, a mere 8% of its circulating supply. This significant decrease indicates a potential supply shock looming for the cryptocurrency.
Investors are actively withdrawing XRP from exchanges. This trend persists even amidst current price declines.
Over 30 million XRP tokens were moved off exchanges in a single day recently. This pattern suggests a strong investor conviction in long-term storage.
The data points towards a strategic shift by investors. They appear to be prioritizing self-custody over exchange accessibility.
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