Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Is there a change in the XRP market? The supply within the exchange has dropped to the lowest level in the past 7 years.
According to the latest reports from Cointelegraph, an announcement on X (formerly Twitter) revealed that the total amount of XRP held on exchanges has significantly decreased. Currently, the holdings have dropped to 1.6 billion XRP, marking the lowest level in nearly 7 years.
This rapid reduction in supply is causing a major turning point in the market. Considering that just a few months ago in October, the XRP holdings on exchanges reached 3.76 billion, the decline is quite remarkable. It has nearly halved in a short period, drawing attention among market participants.
The acceleration of XRP outflows from exchanges is believed to be driven by an increase in long-term investors and more active on-chain activity. Such changes in supply structure imply a reorganization of liquidity and serve as an important indicator of market dynamics.
The current circulating supply of XRP is approximately 60.67 billion, but as the supply on exchanges approaches its lowest level ever, it could also impact the price formation mechanism. Whether this trend continues will be a key factor influencing future market movements.