Virtu Financial Buys $63M XRP While Whales Dump $260M Daily

TLDR

• Virtu Financial disclosed $63 million in XRP holdings through an SEC filing.
• The $7 billion Wall Street firm lists XRP alongside Bitcoin and Ethereum.
• Whales are selling over $260 million worth of XRP daily based on on-chain data.
• XRP price dropped 27% from $3.30 to $2.40 since early August.
• Long-term holders increased spending activity by 580% during the same period.

Virtu Financial has 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 reveals whales are selling over $260 million worth of XRP daily.

Virtu Financial Adds XRP to Balance Sheet

Virtu Financial included XRP in its official holdings as of September 30, 2025. Bill Morgan, an XRP advocate, brought attention to the new SEC filing. The firm provides liquidity across equities, ETFs, fixed income, currencies, and digital assets.

This marks the first time Virtu Financial has publicly held digital assets on its balance sheet. The company joins a small group of major Wall Street institutions holding XRP directly. Earlier developments include the Canary XRP ETF filing removing an SEC delay clause.

The regulatory status of the Ripple-linked token recently gained clarity from U.S. 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 Selling Activity

XRP price has dropped from $3.30 to approximately $2.40 since early August. This represents a 27% decline over the period, according to Glassnode data. Long-term holders who accumulated tokens before November 2024 have increased spending by 580%.

Glassnode estimates daily selling activity rose from $38 million to $260 million. The calculation uses a seven-day moving average for accuracy. Seasoned investors appear to be taking profits after last year’s rally.

The data suggests that whales have redistributed their tokens from previous market cycles. These holders accumulated XRP during earlier periods and are now exiting positions. The selling pressure creates challenges for short-term price recovery despite institutional buying interest.

Recent Exchange Flows and Treasury Holdings

Coinbase registered $23.93 million in net XRP inflows over the last 12 hours. CoinGlass data shows this represents a recent peak in USD-to-XRP conversions. The increased exchange activity coincided with a rise in token price.

Ripple-backed Evernorth has expanded its XRP treasury to $1 billion. This growth underscores deepening institutional involvement in the token. Institutional buying provides longer-term support while whale selling creates near-term headwinds.

XRP is currently trading at $2.51, up 3.17% in the past 24 hours. The token maintains a 21.22% year-to-date increase. The Ripple-linked asset shows mixed signals with institutional accumulation and whale distribution co-occurring.

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