XRP Whales Pull Record Amounts Off Binance

Cryptoquant data released on October 7 shows the largest wave of big XRP withdrawals from Binance in seven months. Researcher Arab Chain links the moves to holders shifting coins away from exchange custody.

The spike follows weeks when the token hovered near 1.50 dollars. On October 2, Ripple itself sent 35 million XRP to an unmarked wallet that quickly forwarded 6.5 million further.

Meanwhile, U.S. XRP ETFs recorded a net 3.14 million dollar inflow on October 6, led by Bitwise. The token price slipped from about 1.52 to 1.46 dollars the next morning.

The analyst warned that sustained outflows could signal a lasting change in how major holders manage their positions even if prices stay steady.

Based on information from cryptonews.net