Xaif, a widely followed crypto commentator on X, set the market abuzz today after revealing that Binance has surpassed Uphold to become the largest holder of XRP. According to Xaif, the exchange now controls more than 2 billion XRP in custody, which he valued at around $5.1 billion. The revelation triggered immediate scrutiny from analysts and traders, many of whom turned to blockchain explorers and independent data trackers to confirm the claim. On-Chain Data Confirms Binance’s Lead Data from the XRP Ledger indicates multiple wallets linked to Binance hold significant amounts of XRP. Aggregators that monitor exchange balances have consistently ranked Binance among the top custodians of the asset. BREAKING: Binance Surpasses Uphold! Binance Becomes the Largest $XRP Holder Reveals over 2 Billion XRP in balance worth $5.1Billion! https://t.co/f22RmlILrG pic.twitter.com/q6mMDSPdwJ — Xaif Crypto | (@Xaif_Crypto) September 8, 2025 Recent snapshots suggest that when these wallets are combined, the exchange’s holdings exceed 2 billion XRP, placing it ahead of Uphold and other platforms considered dominant custodians. This alignment between Xaif’s post and the available on-chain records strengthens the credibility of the claim. Valuation: Numbers Tell a Bigger Story Xaif’s estimate of $5.1 billion likely reflected XRP’s price at the moment of his reporting. However, using the live market price of roughly $2.98 per XRP, Binance’s 2 billion holdings translate closer to $5.96 billion. These differences are typical, reflecting the rapid changes in crypto prices and varying valuations across exchanges. Regardless of which figure is used, the scale of Binance’s XRP balance underscores the exchange’s outsized role in the ecosystem. What It Means to Be the “Largest Holder” While Binance appears to be the largest single custodian, it is crucial to clarify what this status entails. The XRP held in Binance’s wallets is not owned outright by the exchange but is instead pooled on behalf of millions of users across its platform. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Wallet tagging and address clustering, techniques used by blockchain analysts, offer reliable insight into exchange balances but are not flawless. Funds frequently move between hot wallets, cold storage, and settlement addresses, meaning tallies can shift quickly. Nevertheless, Binance’s dominance is evident when aggregating its custodial holdings. Implications for XRP Markets Binance’s position as the largest XRP custodian has meaningful implications for liquidity and price stability. The concentration of such vast holdings on a single platform means Binance can heavily influence order book depth and trading volumes. For XRP’s global market, this translates to greater liquidity but also highlights the reliance on centralized exchanges for custody. Analysts note that while XRP’s underlying ledger is decentralized, the custody concentration reflects the practical realities of how most investors access and trade digital assets today. Xaif’s report has therefore reshaped the current conversation around XRP supply dynamics. By overtaking Uphold, Binance has cemented its position as the primary hub for XRP liquidity. While market watchers continue to monitor wallet movements, the present snapshot shows that Binance’s role in XRP markets has never been stronger. 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 Binance Becomes Largest XRP Holder appeared first on Times Tabloid .
