On-chain transparency shows that XRP held on centralized exchanges has plummeted to roughly 1.5 billion tokens—a multi-year low.
The "HODL" Shift: Investors aren't just selling; they are migrating assets to cold storage and institutional custody.
The Result: This removes "sell-side" liquidity. When the next wave of demand hits, there will be fewer tokens available for purchase, leading to vertical price discovery.
🏦 The "ETF Vacuum" Effect
The launch of 5 Spot XRP ETFs in November 2025 has fundamentally changed the game.
Net Inflows: Over $1.14 billion has flowed into these regulated vehicles in just weeks.
Supply Lock-up: Unlike retail traders, ETFs are "buy-and-hold" entities. Every dollar that enters an ETF effectively locks up XRP in institutional vaults, permanently removing it from the tradable float.
AUM Growth: Total Assets Under Management (AUM) for these ETFs has already crossed $1.25 billion, acting as a massive vacuum for exchange supply.
⚖️ Regulatory Green Light & XRPL Evolution
With the SEC v. Ripple case fully resolved (confirming XRP is not a security) and the GENIUS Act providing stablecoin clarity, the "Institutional Green Light" is officially on.
Infrastructure Shift: The XRP Ledger (XRPL) is no longer just for payments. The 2025 upgrades introduced Institutional Lending and Single Asset Vaults, allowing banks to earn yield directly on-chain.
Global Settlements: Ripple’s payment volume has surpassed $95 billion this year, proving that XRP's utility as a global settlement layer is scaling in real-time.
