Overview
- An X post claimed ETFs cut on-exchange XRP to about 1.5 billion, warning of a potential shortage by early 2026.
- XRP Ledger validator Vet countered with data showing roughly 16 billion XRP on centralized exchanges and rejected the notion of a current supply squeeze.
- Vet argued liquidity is elastic since holders can move XRP to exchanges in three to four seconds, making static balance charts a poor proxy for immediate scarcity.
- Questions over wallet attribution persist, with Vet calling published exchange counts conservative and citing Upbit wallets totaling about 2 billion XRP across four addresses.
- Some traders still caution that ETF custody, Ripple’s escrow releases, and institutional accumulation could tighten the effective float over time even if raw exchange balances are higher.