What happened?
XRP supply on centralized exchanges dropped to 5.66%, the lowest in a month. This marks a significant decrease since August 9, suggesting less selling pressure on the market. In parallel, the SEC delayed decisions on spot ETF applications, including XRP’s, to October 2025, leading to a 2% drop in XRP token value recently.
Who does this affect?
This situation affects XRP investors and traders, particularly those trading on centralized exchanges or holding tokens in self-custody. The decisions of the SEC regarding ETFs also have broad implications for institutional investors considering entry into the crypto space. Additionally, new projects like the Snorter Coin presale are attracting attention from traders interested in speculative investments.
Why does this matter?
The decline of XRP on exchanges could indicate a shift toward longer-term holding, which might stabilize or potentially increase its price. The delayed SEC decision adds uncertainty but also the possibility of future market adjustments based on regulatory news. Meanwhile, innovative presales like Snorter Coin highlight shifting investor interest towards high-potential early-stage projects, showcasing diverse market dynamics and potential growth opportunities.