A tweet from Abs, host of the Good Morning Crypto show, revealed that 5.5 billion XRP was suddenly withdrawn from the cryptocurrency exchange Upbit. The tweet featured an image from CryptoQuant, highlighting a sharp drop in Upbit’s XRP exchange reserves. This unexpected change in reserves led to widespread speculation within the cryptocurrency community. The graph showed a consistent XRP reserve balance of around 6 billion XRP on Upbit over several months, followed by a sudden and steep plunge to approximately 1 billion XRP. This dramatic change triggered questions about whether this was a sign of large-scale accumulation by institutional players or a technical issue. BREAKING: 5.5 BILLION $XRP WAS JUST DRAINED FROM UPBIT EXCHANGE! WHAT IS HAPPENEING HERE? Comment Below & Follow For More!! pic.twitter.com/ir0ZoY4bzs — Good Morning Crypto (@AbsGMCrypto) June 24, 2025 Community Responses Raise Speculation and Skepticism The tweet drew immediate responses from various users on the X platform. Jason Thorpe questioned whether the massive withdrawal could be linked to banks and financial institutions accumulating XRP. His comment implied the possibility that large financial entities might be preparing for future use cases involving XRP. Another user, TxBorn83, pointed out that the beauty of blockchain technology allows anyone to verify such claims directly through wallet addresses. His response suggested that the crypto community should rely on transparent blockchain data to confirm or dismiss such events rather than depend solely on social media posts. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 However, not everyone was convinced of the legitimacy of the reserve drain. DMichael_XRP responded by calling the event an “API glitch” and criticized the post, suggesting that it was misinformation driven by technical reporting errors rather than actual fund movement. Times Tabloid Launches Independent Verification In response to the attention generated by the tweet, Times Tabloid conducted an independent investigation into the Upbit XRP wallets. Data from XRP scan showed that several Upbit-linked wallets still held substantial amounts of XRP, including one wallet containing over 1 billion XRP and multiple others holding 500 million XRP each. This wallet data suggests that Upbit continues to maintain significant XRP reserves despite what the CryptoQuant chart displays. The evidence from Times Tabloid’s wallet tracking raises questions about the accuracy of the exchange reserve metric reported by CryptoQuant . It indicates that the sudden drop on the chart may not represent an actual movement of funds but could be due to a technical discrepancy in data reporting. Unresolved Questions Remain The sudden disappearance of 5.5 billion XRP from Upbit’s exchange reserves, as shown in the CryptoQuant chart, remains a mystery at the time of reporting. While some in the community speculate that this could be a sign of institutional accumulation, others firmly believe it is a simple reporting error or API malfunction. The Times Tabloid investigation into Upbit’s wallet balances provides evidence that the exchange still holds a huge amount of XRP across multiple wallets. This significantly challenges the narrative that the exchange was drained of billions of XRP. However, without an official statement from Upbit or CryptoQuant, it is unclear whether this anomaly was due to technical issues or an intentional, large-scale withdrawal. 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 advised to conduct thorough 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 X , Facebook , Telegram , and Google News The post 5.5 Billion XRP Was Just Drained from Upbit. Here’s What Happened appeared first on Times Tabloid .
