Well now, I reckon Binance‘s April Proof of Reserves reads like a river ledger. XRP holdings swelled by 16.09 million tokens, and the stablecoin crowd has taken a fancy to steady, American assets-like a mule eyeing a sturdy fence.
As the platform’s own on-chain reckonings tell, net XRP balances climbed in April from 2.587 billion to 2.603 billion tokens. The total on-chain wallet balance on Binance stood at 2,630,051,340 XRP as of May 1. The reserve ratio stood at 101.01%, a figure that would make even a cautious banker tip his hat and say, “Well, I’ll be.”
This uptick rode along with the XRP price holding tight in the $1.41-$1.50 range, and with a river of capital flowing into U.S. spot XRP ETFs totaling $81.59 million for the month. The same current continued in May, with the first ten days delivering another $34.21 million into those very funds.
Veteran Trader Peter Brandt Calls ‘Major Bottom’ for SUI
3 Reasons Why Hyperliquid (HYPE) $50 Rally Failed, Bitcoin (BTC) Has No Fuel Left, Toncoin (TON) Critical Market Correction Begins: Crypto Market Review
Against the backdrop of such persistent doings from regulated funds, there are solid reasons to suspect Binance’s May Proof of Reserves will show further confident growth in user balances and the continued XRP accumulation on the grandest crypto exchange in the land.
Hidden capital rotation inside Binance’s reserves
The main spark behind April’s market shuffle wasn’t merely fresh fiat wandering in, but an internal redistribution of stable assets. A look at stablecoin balances-chiefly USDT and USDC-on Binance during the reporting month reveals a shift in trader priorities as the CLARITY Act crept toward its May hearing in the U.S. Senate.
Customer positions in the leading stablecoin declined by $385.84 million (-1.10%), while Circle’s stablecoin balances surged by $547.55 million (+6.29%). USDC’s coverage ratio on Binance rose to a hearty 106.66%, forming a stout liquidity cushion.
Curiously, all the liquidity loosened from USDT, and more than that, flowed into the regulated USDC. Yet there remained free capital in the market, which found its way into major altcoins, ultimately driving the net inflow of 16 million XRP to exchange addresses.
Read More
- NTE Drift Guide (& Best Car Mods for Drifting)
- How to Get the Wunderbarrage in Totenreich (BO7 Zombies)
- Change Your Perspective Anomaly Commission Guide In NTE (Neverness to Everness)
- How to Beat Turbines in ARC Raiders
- NTE Fan Shows Off Mint Cosplay
- Deltarune Chapter 1 100% Walkthrough: Complete Guide to Secrets and Bosses
- Diablo 4 Best Loot Filter Codes
- How to Unlock the Mines in Cookie Run: Kingdom
- All Nameless Hospital Endings Full Guide In NTE
- Beware! Phishing Emails Are Deceiving Robinhood Users in a Sneaky Plot!
2026-05-11 16:51