Amr Taha
Binance Dominates XRP Whale Outflows: 530M XRP Withdrawn Feb 6 – Now 50M Daily in March
📰 Daily Market Update: Across multiple exchanges, high-value XRP withdrawals are becoming more dominant, especially from Binance. 📊 [XRP] Multi Exchanges Daily Outflow Amount > 1M This chart tracks large XRP withdrawals (above 1M tokens per transaction) across 15 major exchanges. In simple terms, it filters out small activity and focuses only on large transfers. 🔬Key Observations 📈 The data shows Binance dominance, with the largest withdrawals happening there. 📈 On Feb 6, Binance recorded a massive outflow of 530M XRP in a single day, far exceeding other platforms. 📅 From mid‑March, Binance again led daily withdrawals, averaging close to 50M XRP per day. 📈 Coinbase also showed notable activity in early March, coinciding with XRP trading near $1.35, suggesting parallel institutional or whale moves. 📊 [XRP] Binance Daily Outflow by Transfer Size This chart focuses on transfer size categories rather than transaction count. 🔬Key Observations 📈 The >1M transfer group is consistently the most active, highlighting whale‑driven flows. 📈 The >100K group comes second, showing mid‑sized players also contributing to steady outflows. 📉 Smaller transfers (<10K) remain negligible compared to the dominance of large‑scale movements.