Amr Taha2026-10-01

Million-Plus XRP Transfers Rise to 60.8% on Binance and 48.7% on Coinbase

XRP’s daily outflow composition has shifted toward its largest transfer band on both Binance and Coinbase, with transfers above 1 million XRP now representing the biggest share of outflow value on each exchange. On Sept. 30, the Above 1M XRP category accounted for 60.8% of Binance’s daily XRP outflow value, up from roughly 45% on Aug. 13. The reading returned to the 60% area last seen around Aug. 21. At the same time, Binance’s 100K–1M XRP category declined from about 30% on Sept. 6 to 23.4% by Sept. 30, showing a clear shift in the composition of withdrawals toward the largest transfer band. Coinbase shows an even sharper change. Transfers above 1 million XRP reached 48.7% of daily outflow value on Sept. 30, compared with roughly 37% on Aug. 27 and 30% on July 6. Meanwhile, Coinbase’s 100K–1M XRP share fell from about 67% on Sept. 19 to 37% at the end of the month. The key takeaway is the cross-exchange alignment: million-plus XRP transfers now lead the outflow mix on both Binance and Coinbase at the same time. The metric measures the share of outflow value by transfer size, not absolute withdrawal volume. Still, the simultaneous shift across both exchanges suggests that larger XRP transfers have become increasingly dominant in the withdrawal mix.