Where the tokens went matters just as much. The funds moved from unknown wallets into cold storage and regulated custody, causing exchange balances to decline. The broader trend shows 1.35 billion XRP removed from exchanges since early November, with reserves falling from 3.95 billion to 2.6 billion.The early December whale accumulation followed a specific pattern, with XRP ETF custody providers absorbing the bulk of the supply. Multiple moves of around 100 million XRP totalling roughly 800 million tokens h ...