Big XRP Move: Canary Capital Scoops Another 11.9 Million XRP

• Canary Capital has accumulated over 120 million XRP, adding another 11.9 million tokens.
• The firm acquired more than 84.6 million XRP in less than 10 days, with purchases tracked across November 13–26.

Crypto commentator Diana has highlighted a significant development in the institutional accumulation of XRP, reporting that Canary Capital has purchased an additional 11,926,251 XRP, raising its total holdings to more than 120 million tokens.

The move comes shortly after its successful launch of the XRPC ETF, which raked up over $245 million in trading volume on the first day. Also, it comes on the heels of several major financial institutions preparing to roll out their own spot XRP exchange-traded funds (ETFs) over the coming days.

Diana described Canary’s continued buying as “big-money positioning before the rest of the market wakes up,” suggesting the investment firm is aggressively front-running expected demand from other issuers set to launch XRP investment products.

Breakdown of Recent Acquisitions

Details in the tweet provide a clearer view of Canary’s activity across November. It shows:

• An initial 58.5 million XRP volume was recorded on November 13
• A further 26.19 million XRP was added on November 14
• The new 11.93 million XRP acquisition, reflected as the most recent update

Also Read: Another Big Day Ahead for XRP – Here’s What’s Expected

According to the spreadsheet totals, Canary has accumulated 84,690,256 XRP in tracked purchases over this 10-day window alone, aligning with the updated on-chain and ETF-related data pointing to holdings exceeding 120 million XRP.

The layout of the screenshot suggests Canary is tracking expected volume across the broader XRP ETF landscape for the 10 days from November 13 to November 26, hinting at potential inflows ahead.

Institutional Inflows Expected to Intensify

Meanwhile, multiple major firms, including Franklin Templeton, Bitwise, CoinShares, 21Shares, Grayscale, and WisdomTree, are scheduled to launch their own spot XRP ETFs between November 18 and November 25.

Diana emphasized that if Canary is already moving this aggressively before the broader lineup goes live, the market could face a significant upward shift once these issuers begin acquiring XRP to seed their funds.

A Signal of Growing Confidence in XRP

Canary Capital’s activity marks one of the earliest and most visible examples of institutional positioning around XRP following the launch of the first spot XRP ETF.

With the firm pushing its holdings above the 120 million mark in a few days, analysts suggest the move reflects long-term confidence in the asset’s liquidity and broader integration within traditional finance.

As more issuers prepare to enter the market, observers believe the next wave of ETF-driven demand could further tighten XRP’s available supply, potentially amplifying price volatility and investor interest.

Also Read: Egrag Crypto: “People Still Think XRP Will Crash Harder After These ETF Launches,” Reaffirms Stance

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