Virtu Financial, a $7 billion Wall Street firm, has revealed $63 million in XRP holdings. In contrast, on-chain data shows that whales are offloading over $260 million worth of the token every day.
Virtu Financial Joins Wall Street’s Growing XRP Adoption
According to a new SEC filing highlighted by Bill Morgan, a notable XRP advocate, the firm has added XRP to its balance sheet. It listed the token alongside Bitcoin and Ethereum as of September 30, 2025.
The move positions Virtu among the few major Wall Street institutions directly holding the token. A similar development was seen earlier when Canary XRP ETF filing removed an SEC delay clause. This is another proof of growing confidence around XRP-linked financial products.
Virtu Financial provides liquidity in equities, ETFs, fixed income, currencies, and, for the first time, in digital assets. The fact that the Ripple-linked token has been added to the company’s balance sheet indicates that conventional companies are increasing their exposure to blockchain-based tokens. This follows the recent decision by the U.S. to clarify the regulatory status of the Ripple-associated token.
Long-Term XRP Holders Take Profits
However, on-chain data from Glassnode paints a contrasting market picture. It noted that since early August, XRP price has fallen from $3.30 to around $2.40, a 27% decline.
During the same period, long-term token holders who accumulated before November 2024 increased their spending activity by roughly 580%. Glassnode estimates this activity rose from $38 million to $260 million per day based on a seven-day moving average.
The data suggests that seasoned investors are taking profits after last year’s rally. The trend could be an indication of token redistribution by whales who had purchased XRP in previous market cycles.
Coinbase Inflows Suggests XRP Sell Pressure
Institutional buying offers a longer-term assurance while whale selling causes pressure on price recovery in the short-term. Data from Coinglass shows that within the last 12 hours, Coinbase has registered a total of $23.93 million in net XRP inflows.
Rising XRP inflows to Coinbase suggest mounting sell pressure as traders move tokens to exchanges.This represents a recent peak in USD-to-XRP conversions. But has coincided with a rise in the token’s price. Similarly, Ripple-backed Evernorth has grown its XRP treasury to $1 billion. These underscores deepening institutional involvement in the token.
At the time of writing, the Ripple-linked price is trading at $2.51. It climbed 3.17% in the past 24 hours and maintains a 21.22% year-to-date increase.
Source: https://coingape.com/7b-virtu-financial-holds-63m-xrp-amid-whale-sell-off/
