TLDR
- Virtu Financial disclosed $63 million in XRP holdings via an SEC filing.
- The $7 billion Wall Street firm lists XRP alongside Bitcoin and Ethereum.
- Whales sell more than $260 million worth of XRP daily based on on-chain data.
- The XRP price has fallen 27% since the beginning of August from $3.30 to $2.40.
- Long-term owners rose 580% over the same period.
Virtu Financial disclosed $63 million in XRP holdings through a recent SEC filing. The $7 billion Wall Street firm now lists the token alongside Bitcoin and Ethereum. Meanwhile, on-chain data shows that Whales are selling more than $260 million worth of XRP every day.
Virtu Financial adds XRP to its balance sheet
Virtu Financial has included XRP in its official holdings as of September 30, 2025. Bill Morgana proponent of XRP, drew attention to the new SEC filing. The company offers liquidity in equities, ETFs, fixed income, currencies and digital assets.
This is the first time Virtu Financial has publicly listed digital assets on its balance sheet. The company joins a small group of major Wall Street institutions that directly own XRP. Previous developments include the Canary XRP ETF filing removing an SEC delay clause.
The legal status of the Ripple-linked token recently received clarity from the US authorities. Conventional financial firms are now increasing their exposure to blockchain-based assets. Virtu Financial’s move reflects growing institutional confidence in XRP-linked financial products.
Long-term holders increase sales activity
The XRP price has fallen from $3.30 to around $2.40 since early August. According to Glassnode data, this represents a decline of 27% over the period. Long-term holders who collected tokens before November 2024 increased their spending by 580%.
Glassnode estimates that daily sales activity increased from $38 million to $260 million. For accuracy, the calculation uses a seven-day moving average. Seasoned investors appear to be taking profits after last year’s rally.
The data suggests that whales have been reallocating their tokens from previous market cycles. These holders have accumulated XRP in previous periods and are now exiting their positions. Selling pressure poses challenges to near-term price recovery despite institutional buying interest.
Recent currency flows and government bonds
Coinbase recorded $23.93 million in net XRP inflows over the past 12 hours. CoinGlass data shows that this represents a recent spike in USD to XRP conversions. The increased exchange activity coincided with a rise in the token price.
Ripple-backed Evernorth has grown its XRP treasury to $1 billion. This growth underlines the deepening institutional commitment to the token. Institutional buying provides longer-term support, while whale selling provides short-term headwinds.
XRP is currently trading at $2.51, up 3.17% in the last 24 hours. The token maintains an increase of 21.22% since the beginning of the year. The Ripple-linked asset is showing mixed signals with institutional accumulation and whale distribution occurring simultaneously.
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