Coinbase’s XRP Decline Continues: 90% Crash In Exchange’s Reserves Tells Stor...
Coinbase’s XRP reserves have witnessed one of the strongest collapses among major crypto exchanges, and this has caused questions as to where the tokens are going. According to on-chain data, the exchange’s cold wallets now hold only a fraction of the XRP they once did, and the decline is now more than 90%. This comes […]
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XRP’s price action is somewhat muted, but Binance reserve data is showing a different kind of pressure building under the price movement. The exchange’s XRP balance has fallen from about 3.05 billion tokens to roughly 2.75 billion in less than a year, placing reserves near multi-year lows. The decline in XRP exchange balance is coming […]
The Cardano reserves on Coinbase have surged 462% since the exchange launched wrapped ADA on base. This follows earlier reports that the XRP supply on the crypto exchange has fallen drastically, indicating significant investor demand. Cardano Reserves on Coinbase Rise 462% Since Launch Coinbase’s proof of reserves shows that there is a total supply of […]
Despite the fact that Bitcoin has made a new ATH above $66,000, the exchange reserves have continued their trend of decline. Bitcoin All Exchanges Reserve Continues To Go Down As pointed out by a CryptoQuant post, the Bitcoin all exchanges reserve continues to show a downtrend despite the crypto making new all-time highs (ATHs). The all exchanges reserve is a BTC indicator that tells us the total amount of coins deposited on centralized exchange wallets. When the value of the metric shows an increase, it means investors are sending more of their Bitcoin to exchanges. This could imply that....
New reports reveal that XRP’s supply on Coinbase has crashed to historical lows as investors and community members appear to be boycotting the exchange following the recent delay in the CLARITY Act. On the one hand, the recent movement shows joint unity among XRP holders as they collectively exit exchanges in protest. On the other hand, analysts suggest that the surge in withdrawals could trigger a supply crunch for XRP, potentially impacting its price. Related Reading: Bitcoin ETFs Gaining Ground, Could Soon Surpass Gold—Analyst XRP Supply Falls To Historic Lows On Coinbase XRP advocate....
On-chain analysis shows Bitcoin miner reserves seem to be closing in on the ATH seen in May, as the BTC bull rally continues. Bitcoin Miner Reserves Reach Close To May ATH Levels As pointed out by a CryptoQuant post, the BTC miner reserves seem to be on the rise, and look to be close to the levels seen during the 9 May all-time-high (ATH). The BTC miner reserves is an indicator that shows how many coins miners are holding in their wallets. More the value of this metric, less the selling pressure for miners in the market. Related Reading | S2F Creator Beckons Beginning Of Second Leg Of....