A wave of excitement recently swept through the XRP community following reports that $12.4 billion worth of XRP had suddenly disappeared from major crypto exchanges like Binance and Upbit. The supposed “supply shock” led to a flurry of bullish predictions, with many expecting a dramatic price rally. But the facts tell a different story, one rooted not in real liquidity shifts but in likely data errors. The Origin of the $12.4B Shock Claim The speculation began when blockchain analytics platform CryptoQuant flagged what appeared to be massive XRP outflows from centralized exchanges. The data showed a sharp decline in XRP reserves, suggesting billions of tokens had been withdrawn in a short period. This triggered widespread speculation that large investors were accumulating XRP and moving funds to private wallets, a scenario often seen as bullish because it reduces the circulating supply on exchanges. XRP “Supply Shock” Outflows? Not so fast. Reports claimed $12.4B in XRP vanished from exchanges like Upbit & Binance—sparking major bullish speculation. But on-chain data tells a different story: No massive withdrawals recorded Likely a data glitch or mislabeling by… — Jungle Inc Crypto News (@jungleincxrp) June 26, 2025 However, Jungle Inc Crypto News, a well-known voice in the XRP community, quickly pushed back on the claims. In a post on X, he stated: “Reports claimed $12.4B in XRP vanished from exchanges like Upbit & Binance, sparking major bullish speculation. But on-chain data tells a different story: No massive withdrawals recorded… likely a data glitch or mislabeling by analytics platforms like CryptoQuant.” On-Chain Reality Paints a Different Picture Cross-referencing on-chain data from tools like XRPScan and Ledger. Exposed reveals no matching transactions to support such a large-scale exodus of XRP. The blockchain shows no significant withdrawals from the wallets tied to Upbit or Binance. Upbit wallets still hold close to 6 billion XRP, indicating no real change in holdings. This strongly suggests that the alarm over a $12.4 billion supply shock is the result of a reporting error, likely due to mislabeling of wallets or syncing issues on the part of the analytics provider. A Familiar Pattern of Data Glitches This isn’t the first time blockchain analytics platforms have reported questionable data. Similar incidents in the past, across various assets, have been traced back to incorrect wallet tagging, API delays, or temporary syncing problems. While these tools are invaluable, they’re not infallible, and raw blockchain data remains the ultimate source of truth. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Why Verification Matters A genuine supply shock where a significant amount of XRP leaves exchanges could indicate long-term holding by whales or institutions, potentially triggering price increases due to reduced market liquidity. But acting on inaccurate data can lead to poor decisions, especially in a market as fast-moving and sentiment-driven as crypto. Jungle Inc.’s warning serves as a crucial reminder to investors: always verify data using the XRP Ledger before jumping to conclusions. Hype without confirmation can be costly. The reports of a $12.4 billion XRP outflow are not supported by any on-chain evidence. All indications point to a data glitch or misinterpretation, not a real supply shock. As always, diligence and verification are key. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Supply Shock or $12.4 Billion Outflows Glitch? You Need to See This appeared first on Times Tabloid .
