XRP (XRP) — Onchain News & Whale Tracking

XRP, ETH, and BTC currently rank in the top three of Upbit's 24-hour trading volume leaderboard

Update: As of December 5, CoinGecko data shows Upbit’s 24-hour trading volume has declined 25.3% to $11.73 billion. In the KRW market, the XRP/KRW trading pair leads with a 17.61% share of total volume. Rounding out the top five are ETH, BTC, USDT, and SOL.

Bitget has launched a new round of CandyBomb, with contract trading unlocking an XRP airdrop.

**Bitget Launches New CandyBomb Campaign with 10,000 XRP Prize Pool** On December 4, Bitget rolled out a new CandyBomb campaign featuring a total prize pool of 10,000 XRP. Users who meet specified contract trading volume requirements can earn up to 45 XRP each. Full campaign rules are available on Bitget’s official website. To join, click the “Join Now” button to register. The event wraps up at 4:00 PM UTC+8 on December 14. ### Key adjustments for American English habits: 1. **Date format**: Swapped to *month/day* (December 4 instead of December 4th, consistent with US casual/business writing). 2. **Vocab tweaks**: - "Rolled out" (common US phrase for launching campaigns) instead of "launched" (still correct, but *rolled out* feels more natural for promotions). - "Earn" (everyday US term for rewards) instead of "receive". - "Wraps up" (casual US phrasing for ending events) instead of "end". 3. **Clarity**: Replaced "official platform" with "official website

Franklin Templeton XRP Spot ETF AUM Surpasses $100 Million

Franklin Templeton has officially updated its XRP spot ETF holdings data as of December 2. As of December 1, the firm’s XRP holdings total 53,219,913.35 tokens, with a market value of $107,079,530.05. Additionally, the ETF’s total net asset value (NAV) is $78.67 million, and it has 3,150,000 outstanding shares currently.

XRP, BTC, and ETH Currently Lead the Upbit 24-Hour Trading Volume Ranking

On December 1, CoinGecko data shows Upbit’s 24-hour trading volume has surged 59.9% to hit $1.775 billion. The XRP/KRW trading pair leads the South Korean won (KRW) market in volume share at 19.13%, with the other top five pairs being BTC, ETH, USDT and SOL.

Franklin's XRP Spot ETF XRPZ, a financial product belonging to Franklin, was launched today.

On Monday, November 25th, Franklin Templeton launched an XRP exchange-traded fund (ETF) on the New York Stock Exchange's Arca platform. This has provided investors with a regulated way to invest in XRP tokens. This action has brought one of Wall Street's most established financial institutions into the growing group of XRP fund issuers, which already includes Bitwise, Grayscale Investments, and Canary Capital. This issuance has broadened Franklin Templeton's crypto product portfolio. The company currently manages ETFs linked to Bitcoin, Ethereum, XRP, and its diversified digital asset fund, enabling traditional investors to access a wider range of crypto assets without having to self-custody.

Grayscale XRP Trust Spot ETF GXRP commenced trading today.

On November 24th, according to official information, Grayscale Investments announced today that the Grayscale XRP Trust (with the ticker symbol: GXRP) has started trading as an ETP on the New York Stock Exchange Arca. Grayscale further indicated that GXRP is an ETF and is not registered in accordance with the Investment Company Act of 1940 ("1940 Act"). Consequently, it does not possess the same regulatory and investor protection as ETFs and mutual funds that are registered under the 1940 Act. Investing in GXRP comes with significant risks, including the potential for the loss of the principal amount. GXRP holds XRP, but investing in GXRP is not a direct investment in XRP.

Bloomberg ETF Analyst: XRP, LINK Spot ETFs Expected to Launch Within This Week

On November 24th, Bloomberg ETF analyst Eric Balchunas took to social media and stated that there would be five physically-backed cryptocurrency ETFs commencing in the following six days. Apart from Grayscale's GDOG, there would be Grayscale and Franklin's XRP Spot ETF, Bitwise's Dogecoin ETF, and Grayscale's LINK Spot ETF. The exact figures are currently not available, but it is anticipated that more than 100 cryptocurrency ETFs will be introduced within the next six months.

「CZ's Counter Trading」 Long Position Holding a Collective Unrealized Loss of $27 Million, Now the Largest Long in ETH and XRP on Hyperliquid

On November 24th, according to the on-chain AI analysis tool CoinBob (@CoinbobAI_bot), the previously reported "CZ Whales" (0x9ee) is currently experiencing an unrealized loss of around $18.8 million (-191%) on its long position in ETH. The position size is about $148 million, with an average price of $3201 and a liquidation price of $2443. Additionally, it also holds long positions in XRP with a position size of approximately $80.3 million, an average price of $2.29, and an unrealized loss of $8.62 million (-107%). This address had previously purchased ASTER on November 2nd following CZ and then significantly increased its short position with 3x leverage, becoming the largest short holder of ASTER at that time. It later closed the position and broke even on the 17th and has now switched to long trading in ETH. On the 21st, it was partially liquidated, resulting in a loss of $7.3 million. Currently, it is the largest long position holder for both ETH and XRP on Hyperliquid simultaneou

The New York Stock Exchange has approved the listing of the Franklin XRP Spot ETF

On November 24th, the New York Stock Exchange (NYSE Arca) gave its approval for the listing of the Franklin Templeton XRP Spot ETF. It has a trading symbol of XRPZ and an annual fee rate of 0.19%. Franklin Templeton intends to waive fees for the initial $5 billion in assets, with the fee waiver period lasting until May 31, 2026. Previously, it was reported that the New York Stock Exchange (NYSE Arca) approved the listing of the Grayscale DOGE and XRP Spot ETFs, which are set to officially start trading this Monday. The Grayscale DOGE Spot ETF has the symbol GDOG, and the Grayscale XRP Spot ETF has the symbol GXRP. Grayscale's Chainlink (LINK) ETF is also scheduled to launch in approximately one week.

NYSE Has Approved Grayscale DOGE and XRP Spot ETFs for Listing on Monday

On November 24th, the New York Stock Exchange (NYSE Arca) gave its approval for the listing of Grayscale DOGE and XRP Spot ETFs. These ETFs are set to officially commence trading this Monday. The Grayscale DOGE Spot ETF is designated with the ticker symbol GDOG, while the Grayscale XRP Spot ETF has the ticker symbol GXRP.

Yesterday's spot SOL ETF saw a net inflow of $10.4 million, while spot XRP ETF saw a net inflow of $11.89 million.

On November 22nd, as per farside monitoring, the net inflow of the spot SOL ETF yesterday was $10.4 million. According to SoSoValue data, the net inflow of the spot XRP ETF yesterday was $11.89 million.

Bitwise XRP ETF Officially Launched

On November 20th, according to official channels, the Bitwise XRP ETF (XRP) has now been listed and is available for trading.

Bitwise XRP Spot ETF has a management fee of 0.34%, with the ticker symbol XRP.

On November 20th, as per Reuters, the cryptocurrency asset management firm Bitwise disclosed details about the forthcoming Bitwise XRP ETF. The ETF has a management fee of 0.34% (with no management fee until the assets under management reach $500 million) and is set to be listed on the NYSE under the ticker symbol XRP. It is also reported that the XRP ETF is the 49th cryptocurrency investment product launched by Bitwise in the United States and Europe.

A Whale Holding a Large Position Long on ETH and XRP Has Accumulated a Paper Loss of $19 Million

On November 20th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), since the 1011 Flash Crash, the whale address "0x9ee...1daAb" has earned more than 39.88 million US dollars through 7 short positions. Currently, their long positions on ETH and XRP have accumulated an unrealized loss of 19 million US dollars. Their current positions are as follows: Long 184 million US dollars of ETH, with an entry price of $3,219 and an unrealized loss of 11.6 million US dollars; Long 94 million US dollars of ETH, with an entry price of $2.29 and an unrealized loss of 7.4 million US dollars.

Analysts predict that the XRP ETF will debut this Thursday, with DOGE ETF trading possibly starting next Monday

On November 20th, as per Decrypt, a number of cryptocurrency ETFs are scheduled to commence trading in the forthcoming week. Bloomberg analysts forecast that Bitwise's XRP ETF will make its debut this Thursday. Meanwhile, both Grayscale and Franklin's XRP ETFs, as well as Grayscale's DOGE ETF, are likely to start trading next Monday.

A Whale Long on ETH and XRP Faces an Unrealized Loss of $21.5 Million

On November 19th, as per ChainNews, a whale took a long position of 15 times with $183 million worth of ETH and a long position of 10 times with $93.41 million worth of XRP. Currently, it is facing a total unrealized loss of $21.5 million.

Ripple's Chief Technology Officer is Exploring Native XRP Staking

On November 19th, as per the report from thestreet, David Schwartz, the Chief Technology Officer (CTO) of Ripple and one of the founding architects of the XRP Ledger, put forward a new model that incorporates staking, which could bring about a fundamental transformation in the operation of the blockchain network. This discussion stemmed from a lengthy tweet by Ripple's Senior Engineering Director J. Ayo Akinyele on X, where he explored the possibility of adding staking functionality to the XRP Ledger. The XRP Ledger was launched in 2012 and employs a Proof-of-Association (PoA) consensus mechanism, with validators reaching an agreement on XRP transactions every 3-5 seconds. In contrast, blockchain platforms such as Ethereum (ETH) and Solana (SOL) utilize a Proof-of-Stake (PoS) consensus mechanism, where users are required to lock or stake their cryptocurrency assets in order to be eligible for transaction confirmation and to secure the network, and in the process, they can earn

「Triple Short ASTER」 Whale Hedges Short ASTER Position, Now Largest Long on ETH and XRP on Hyperliquid

The mastermind behind a 60,000 BTC money laundering case, Qian Zhimin, also holds XRP in addition to Bitcoin.

On November 17th, according to Caixin's report, Qian Zhimin, the mastermind behind a 60,000 BTC money laundering case, was captured by the police with a digital device. On the eve of the criminal trial scheduled for September 2025, he provided the access code for the device and the passwords for two encrypted wallets. As a result, the police discovered that in addition to the 61,000 BTC, he also held other cryptocurrencies with a total value of 67 million pounds, including Bitcoin and XRP. Previously reported, in June 2014, Qian Zhimin instructed his "frontman" to open an account for him and used 180 million yuan of investor funds to purchase 100,250 BTC. Subsequently, the BTC in the account increased to 143,951. Between January and June 2017, he used 468 million yuan of investor funds to purchase 51,000 BTC through over-the-counter (OTC) trades. Thus, Qian Zhimin accumulated a total of 194,951 BTC.

A Whale Holds Massive Short Positions on BTC, XRP, and ZEC, Totaling Over $190 Million

On November 16th, as per the monitoring of LookOnChain, a whale entity has established a large short position on BTC, XRP, and ZEC, with a total value exceeding $190 million. The current positions are detailed as follows: There is a short position on BTC with a 40x leverage, amounting to $148 million. The opening price is $96,065.2, and the liquidation price is $97,560.2. There is a short position on XRP with a 20x leverage, valued at $27.3 million. The opening price is $2.225, and the liquidation price is $2.5. There is a short position on ZEC with a 10x leverage, worth $20.6 million. The opening price is $652, and the liquidation price is $775.

「Triple Short ASTER」 Whale Liquidates 4.79 Million ASTER Short Position, ETH and XRP Longs See Nearly $10 Million in Unrealized Losses

On November 14th, as per the monitoring of EmberCN, the "3x Short ASTER" whale (0x9ee), who had previously purchased ASTER in CZ and then engaged in heavy shorting, liquidated a large short position of 4.79 million ASTER at $1.02 in the past half hour, achieving a profit of $860,000. The remaining position still holds 6.19 million ASTER with unrealized gains. Furthermore, the whale also holds long positions in ETH and XRP worth $213 million, with an unrealized loss of $9.9 million.

「Triple Short on ASTER」 Whale Buys the Dip on ETH and XRP, Holding $6 Million Unrealized Loss, Emerges as the Largest Long on Hyperliquid for ETH and XRP

XRP, ETH, BTC Currently Top the Upbit 24-Hour Trading Volume Ranking

On November 14th, based on CoinGecko data, within the past 24 hours, Upbit's trading volume has witnessed a 29.1% increase, amounting to a total of $2.341 billion. Among them, the XRP/KRW trading pair accounted for 20.6% of the trading volume and ranked first in the Korean won market. The remaining top five were: ETH, BTC, USDT, SOL.

Spot XRP ETF Sees Explosive Debut, with First-Day Trading Volume Reaching $58 Million

On November 14th, Eric Balchunas, Bloomberg's senior ETF analyst, disclosed that Canary's spot XRP ETF made a spectacular debut on Wall Street. On its first day of listing, the trading volume reached $58 million, making it the ETF with the highest first-day trading volume among nearly 900 ETFs launched this year. The previous record was held by Bitwise's Solana ETF with $57 million. In just the first hour of trading, XRPC witnessed a trading volume of $26 million.

XRPC Transaction Goes Live, Reaching $26 Million in Transaction Volume within 30 Minutes

On November 13th, Bloomberg ETF analyst Eric Balchunas sent out a tweet stating, "In the first 30 minutes of XRPC's trading going live, the trading volume reached $26 million, which is significantly higher than my earlier prediction of $17 million. It is highly probable that it will break the record of the $57 million first-day trading volume set by BSOL and become the ETF with the highest first-day trading volume among all new launches this year."

The first-ever US XRP Spot ETF has officially started trading

On November 13th, the first physically-backed XRP ETF in the United States, namely the Canary XRP ETF, officially started trading.

Shitcoin ETF Candidate Sees Surge in 24-Hour Trading Volume, XRP Volume Up Over 60%

Crypto Reporter: Canary XRP ETF has officially come into effect, with trading commencing at market open on November 13.

On November 13th, according to crypto journalist Eleanor Terrett, by 5:30 PM ET (Eastern Time), the XRP ETF of Canary Funds has officially taken effect. The Nasdaq Exchange has completed the listing certification, with the trading symbol being XRPC. The fund will commence trading at the market opening tomorrow.

Canary Submits 8-A Form for First Physical XRP ETF

On November 11th, cryptocurrency journalist Eleanor Terrett reported that Canary has submitted the XRP 8-A form, which represents the final stage before its effective date. Once Nasdaq approves its listing, it is anticipated to take effect at 5:30 p.m. Eastern Time on Wednesday. At that moment, the final obstacle will be overcome, and the first XRP spot ETF will officially commence trading on Thursday.

Viewpoint: Five XRP Spot ETFs Have Been Listed on DTCC or Are Set to Launch This Month

On November 10th, it was reported that five XRP spot exchange-traded funds (ETFs), namely those from Franklin Templeton, Bitwise, Canary Capital, 21Shares, and CoinShares, have appeared in the Depository Trust & Clearing Corporation (DTCC) system in the United States. The market generally anticipates that these funds may officially commence trading in the US later this month. The specific list is as follows: Franklin XRP Trust (ticker: XRPZ) 21Shares XRP ETF (ticker: TOXR) Bitwise XRP ETF (ticker: XRP) Canary XRP ETF (ticker: XRPC) CoinShares XRP ETF (ticker: XRPL) Canary CEO McClurg explained that by utilizing a "no-delay amendment" mechanism, Canary's XRP ETF can become effective within 20 days. As more issuers quicken their paces, market participants expect that WisdomTree's XRP ETF will also promptly join the competitive lineup within the DTCC.

21Shares has submitted the draft 8(A) form to the U.S. SEC for the proposed XRP spot ETF launch.

On November 8th, Bloomberg ETF analyst Eric Balchunas tweeted that 21Shares has submitted a new Form 8(a) to the US SEC in order to launch its XRP spot ETF. The application is now subject to a 20-day review period.

The Franklin XRP ETF has been listed on DTCC with the ticker symbol XRPZ.

On November 7th, as per the official website, DTCC (Depository Trust & Clearing Corporation) has listed the Franklin Templeton XRP ETF with the trading symbol XRPZ. Although this act does not signify that the ETF has obtained any regulatory approval or the outcome of any explicit approval process, being listed on the DTCC website is a part of the "standard procedure" for launching a new ETF.

A trader deposited 7,000,000 USDC into Hyperliquid to short BTC and XRP with 20x leverage.

On November 6th, as per the monitoring of LookOnChain, a trader deposited 7 million USDC into Hyperliquid through a newly established wallet. Subsequently, the trader opened short positions for BTC and XRP with a leverage of 20x. The details of the positions are as follows: · 1,129 BTC (approximately $116 million) · 8,888,888 XRP (approximately $20.35 million) This trader appears to be a high-risk player and is a user of both Roobet and Stake.

A Whale Shorted BTC and XRP with 20x Leverage, Total Position Exceeding $100 Million

On November 6th, as per the monitoring of Onchain Lens, a newly established wallet deposited 7 million USDC into Hyperliquid and took a short position with a leverage ratio of 20 times on both BTC and XRP. Currently, the total position size has exceeded 100 million.

Santiment: 21,595 New XRP Wallets Created in the Last 48 Hours, Marking the Highest Surge in 8 Months

On November 6th, the crypto market analysis firm Santiment declared that the price of XRP has rebounded. Users who bought during the dip have achieved approximately a 12% profit in the past 24 hours. The XRP Ledger data indicates that in the past 48 hours, 21,595 new XRP wallets have been established, marking the highest growth in 8 months.

Franklin Templeton has submitted an XRP ETF S-1 filing update, aiming to launch within this month

On November 5th, the Bloomberg analyst James Seyffart noted that Franklin Templeton submitted an update for the XRP ETF S-1, reducing the 8(a) clause, with the intention of launching it later this month.

Grayscale has disclosed that the management fee for its XRP and DOGE Spot ETF is 0.35%.

On November 4th, as per the official filing documents, Grayscale has made known that the management fee for its XRP and DOGE spot ETF is 0.35%.

Analysis: XRP Spot ETF Expected to Launch in the Next Two Weeks

On November 3rd, Nate Geraci, the president of The ETF Store, published an analysis stating, "I anticipate that within the next two weeks, the first batch of spot XRP ETFs will be launched. The U.S. Securities and Exchange Commission (SEC) has been engaged in litigation against Ripple for the past five years, and this litigation only came to an end just three months ago." "In my view, the launch of a spot XRP ETF will deal the final blow to those anti-crypto regulators. We have made remarkable progress."

Bitwise has updated its XRP ETF application file, management fee 0.34%

On November 1st, according to Bloomberg ETF analyst Eric Balchunas, Bitwise has revised the fourth amended version of its XRP ETF application by adding exchange information (New York Stock Exchange) and a management fee of 0.34%. Eric Balchunas indicated that these are generally the final crucial steps that need to be accomplished during the ETF application process.

Canary has submitted an S-1 amendment for its XRP ETF, removing provisions that would prevent the registration from automatically becoming effective.

On October 31st, according to cryptocurrency reporter Eleanor Terrett, Canary has submitted an updated S-1 for its XRP spot ETF, eliminating the provision that prevents the automatic activation of registration. If Nasdaq approves its 8-A application, the ETF will become operational on November 13th.

$1 Billion XRP Treasury Company Evernorth to Merge and List on Nasdaq

On October 20th, as per official channels, Evernorth Holdings Inc. (referred to as "Evernorth") announced today that it has officially started its operations and reached a business merger agreement with the publicly listed special purpose acquisition company Armada Acquisition Corp II (Nasdaq: AACI). The company is dedicated to facilitating the institutional-level scalability of XRP. Upon the completion of the transaction, the merged entity will continue to use the Evernorth name and is scheduled to be listed on the Nasdaq Stock Exchange, subject to meeting the listing requirements, under the stock symbol "XRPN." This transaction is anticipated to raise a total of over $1 billion in funding. This includes a $200 million investment from SBI, as well as a joint investment from prominent digital asset and fintech institutions and investors such as Ripple, Rippleworks, Pantera Capital, Kraken, GSR, and others. Ripple's co-founder, Chris Larsen, also participated in the investment. The net

Bloomberg: Ripple Labs Plans to Lead $1 Billion Investment to Build XRP Reserve Strategy

On October 17th, as per Bloomberg, Ripple Labs is spearheading a fundraising round with an amount of at least $1 billion via a special purpose acquisition company (SPAC) (the specific name has not been disclosed yet) in order to accumulate its affiliated digital token XRP. The funds will be injected into a newly established digital asset reserve, and at the same time, Ripple Labs will contribute a portion of its own XRP.

CME Group has launched SOL and XRP options trading.

On October 13th, as per official channels, the CME Group has initiated trading in SOL and XRP options. This includes both standard and micro options and supports daily, monthly, and quarterly expirations.

Large Market Cap Altcoins Still Unable to Escape Flash Crash Fate, XRP and DOGE See Biggest Drop of Over 53%

October 11th: During this morning's crypto market "black swan" incident, both XRP (with a market capitalization of $141 billion) and DOGE (with a market capitalization of $29 billion), which are among the top ten in the cryptocurrency market capitalization rankings, couldn't avoid the fate of a flash crash. The largest price drop of each exceeded 53%. At the same time, the entire altcoin market experienced a "sea of blood" scenario, with the largest drop reaching 99%. Currently, the crypto market has already rebounded and is gradually recovering from the downturn caused by the "black swan" event.

GraniteShares Files for 3x Leveraged Crypto ETF, Including BTC, ETH, SOL, and XRP

On October 8th, Bloomberg analyst James Seyffart stated that GraniteShares has submitted a set of 3x leveraged cryptocurrency ETF applications, encompassing Bitcoin, Ethereum, SOL, and XRP.

BNB Surpasses XRP in Market Cap, Rises to Third in Cryptocurrency Market Cap Ranking

On October 7th, based on CoinGecko data, the market capitalization of BNB rose to $178.35 billion, exceeding that of XRP ($178.22 billion) and rising to the third position in the global cryptocurrency market capitalization.

「Insider Trader」 @qwatio Closes XRP Long Position, Loses $3.55 Million

On October 1st, according to Ember Monitor, the "Insider Trader" @qwatio closed a long position on XRP through Hyperliquid and suffered a loss of $3.55 million. After withdrawing the remaining 668,000 USDC, they transferred it to GMX and then took a short position of $59.89 million worth of BTC with a leverage of 95x.

USDT, FF, and XRP temporarily lead the Upbit trading volume ranking top three

On September 30th, based on CoinGecko data, in the past 24 hours, Upbit's trading volume has shown a rebound of 25.1%, reaching a total of $26.22 billion. Among them, the USDT/KRW trading pair, which accounts for 10.36% of the trading volume, ranks first in the Korean won trading market. The remaining top five in terms of trading volume are: FF, XRP, BTC, SUPER.

The 19b-4 application for Spot ETFs such as SOL and XRP has been withdrawn, and the general listing standards no longer require such filings.

On September 30th, as shown on the website of the U.S. Securities and Exchange Commission, under the Universal Listing Standard, the 19b-4 applications for Solana, XRP, Cardano, Litecoin, Dogecoin, Polkadot, Hedera, and ETH Staking ETF have been withdrawn.
Previously, the SEC had announced that the U.S. Securities and Exchange Commission (SEC) had requested the issuers of LTC, XRP, SOL, ADA, and DOGE ETFs to withdraw their 19b-4 filings because these filings were no longer necessary after approval under the Universal Listing Standard. It is reported that the withdrawals could start as early as this week.

「Insider Trader」 @qwatio lost $3.567 million in 3 days, 20x XRP short liquidated