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Ethereum Experiences Growth in OKX Reserves Amidst Another Bitcoin Hold Loss

Proof of Reserves Disclosure by OKX

, and Administrator

2025 September 8 . 4:58 PM

2 min read

Ethereum gains ground in OKX storage as Bitcoin's control weakens once more

Ethereum Experiences Growth in OKX Reserves Amidst Another Bitcoin Hold Loss

The cryptocurrency market is experiencing an intriguing shift, with some notable trends emerging in the past few weeks. According to VanEck, the European Union is expected to follow the lead of former U.S. President Trump in terms of crypto regulation.

Meanwhile, Ethereum is witnessing a surge in inflows as traders increasingly embrace its on-chain activity and staking utility. The proof-of-reserves data suggests a significant shift in investors rotating from Bitcoin to Ethereum. An OKX representative stated that this divergence is not due to liquidity issues, but rather a result of behavioural choices.

Ethereum's growth is mirrored by other cryptocurrencies such as Dogecoin and Solana. Dogecoin and Solana show cushions above 100%, with DOGE balances clearing 5.6 billion coins and SOL holdings approaching 6.7 million. Stablecoins, such as Tether and USD Coin, have also followed a similar pattern, with Tether at 105% and USD Coin at 100%.

XRP, on the other hand, has shown the strongest increase in deposits at OKX in August. This surge is likely due to several companies buying large amounts of XRP as a reserve asset, boosted by the end of Ripple's long legal dispute and growing institutional interest. XRP posted the strongest ratio of any major token in the report, with 107% of user deposits covered by exchange holdings.

The total wallet assets of XRP are above 274 million, indicating that traders are not only keeping their positions in XRP but adding to them. This trend contrasts with Bitcoin, where more holders are moving their coins into cold storage or staking products, reducing exchange balances.

In summary, the cryptocurrency market is witnessing a shift in investor behaviour, with Ethereum gaining popularity and XRP seeing a surge in deposits. The European Union is also expected to follow the U.S.'s lead in terms of crypto regulation. As always, it's crucial to stay informed and make informed decisions when investing in cryptocurrencies.