XRP saw a dramatic surge in whale withdrawals from Binance, with 231 million tokens—valued at $335 million—removed in a single day, marking the largest such outflow in six months.
Whale withdrawals from Binance reach record highs
On the day of the largest movement, whale accounts transferred over 231 million XRP out of Binance, far exceeding the 90-day daily average outflow of $40 million. This trend was reported by Darkfost, a well-known cryptocurrency commentator, who tracks large-scale token movements across exchanges.
Outflows of XRP classified as whale transactions on Binance soared in recent days, as more than 231 million XRP were moved from the platform, exceeding any previous single-day total in the past six months.
The withdrawal is notable for both its scale and timing, disrupting Binance’s recent withdrawal patterns where such large volumes are rarely seen within one short timeframe.
Additional confirmation came from trader Crypto Patel, who observed that total XRP withdrawals in just 48 hours multiplied by 4.3 times, reaching the same 231 million token figure. At the same time, XRP-related futures volume hit a six-month peak at $11.37 billion, indicating heightened derivatives activity surrounding the token.
ETH
SOL
BSC
ROBINHOOD
USDT
AAPLCrypto analysts noted that large-scale token withdrawals from exchanges often signal strategic moves by major holders—sometimes called whales—to reduce immediate sell-side pressure. When tokens leave exchanges, they are typically stored in private wallets, reducing the chance of sudden sell-offs on the platform.
Mini dictionary: Binance is one of the world’s largest cryptocurrency exchanges by trading volume, known for its broad selection of listed assets and high liquidity for spot and derivatives trading.
| Metric | Single Day (Latest) | 90-Day Average |
|---|---|---|
| XRP whale withdrawals (million XRP) | 231 | ~27.6 |
| Daily outflow ($ million) | 335 | 40 |
| Futures volume ($ billion) | 11.37 | — |
Market cap surges with price and volume spikes
During this withdrawal spree, XRP’s market capitalization increased by $44 billion within three days. Price performance data showed that XRP rose over 70% in that same window, aligning with substantial trading activity.
As of the latest data from CoinGecko, XRP traded at $1.43 with 24-hour trading volume at approximately $3.5 billion. Even after a 3.73% decline in the most recent day, the token remained up 40.20% over the week, reflecting the continued momentum from major whale activity.
Crypto Patel attributed a 45% rebound in XRP’s value to the period of intense whale withdrawals and surging derivatives volume. These simultaneous spikes have prompted many market participants to monitor whether the buying trend among large holders will continue.
Ongoing accumulation by major accounts has the potential to tighten available exchange supply—though questions remain about whether this alone can push XRP toward the $2 price milestone. Market watchers are closely tracking both withdrawal patterns and trading dynamics for clues on short-term direction.
