Solo

Tom Lee

Daily

XRP<a href="https://yellow.com/asset/xrp" rel="noopener noreferrer nofollow">(XRP)</a> supply profitability has dropped to its lowest point in 21 months, with spot ETF products recording their first net outflow month.
But <a href="https://yellow.com/news/xrp-whales-buying-surge" rel="noopener noreferrer nofollow">whale activity on major exchanges</a> suggests large holders are resisting the urge to sell.
<h2 id="what-happened">What Happened</h2>
On-chain data from Glassnode<a href="https://x.com/glassnode/status/2041137501029433852" rel="noopener noreferrer nofollow">shows</a> that only 43.4% of XRP's circulating supply is currently in profit at a price of $1.33 — a level not seen since Jul. 2024.
More than 56% of tokens are now <a href="https://beincrypto.com/xrp-etf-outflows-whale-activity-profit/" rel="noopener noreferrer nofollow">held</a> at a loss after six consecutive red monthly candles dragged the price down over 60%.
<blockquote>
 "With more than half of the supply underwater, investors who accumulated above $2 over the past 12 months have been realizing losses at a pace of $20M – $110M/day since November 2025," Glassnode noted.
</blockquote>
Institutional demand has weakened in parallel. Data shows Mar. 2026 became the first net outflow month since spot XRP ETFs launched in late 2025. Roughly $31.16M left the products, and early April has added another $1.25M in outflows.
Total assets under management across U.S.-listed spot XRP ETFs have fallen from a January peak of about $1.65B to approximately $950.58M.
Also Read:<a href="https://yellow.com/news/solo-bitcoin-miner-block-reward" rel="noopener noreferrer nofollow">Solo Miner Nets $210K Bitcoin Reward On Tiny Hashrate, Against 28,000-to-1 Odds</a>
<h2 id="arab-chain-on-whale-activity">Arab Chain on Whale Activity</h2>
Despite the bearish signals, one data point cuts against the trend. <a href="https://yellow.com/news/xrp-whales-dump-510-million-tokens-worth-dollar2-billion-in-one-week" rel="noopener noreferrer nofollow">Whale inflows</a> to Binance have dropped to their lowest level since early 2026. Daily whale deposits totaled only about 12.60M XRP — far below previous spikes that exceeded hundreds of millions on some days.
The 30-day cumulative flow indicator fell to around 1.44B XRP. That marks one of its lowest readings since the start of the year.
Read Next:<a href="https://yellow.com/news/is-worst-over-stocks-tom-lee-95-percent-war-selloff-done" rel="noopener noreferrer nofollow">Is The Worst Over For Stocks? Tom Lee Says 95% Of War Sell-Off Is Done</a>

XRP Profitability Crashes To 21-Month Low Amid ETF Outflows

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