Amr Taha2026-11-02

XRP Whale Netflow Hits −226M on Binance, 2.7x September 2022 Reading

Binance recorded 283 million XRP in large-transfer outflows on October 29, alongside a whale netflow of −226 million XRP—2.72 times the magnitude of the −83 million XRP reading in September 2022. The spike coincided with a security breach. Blockchain analytics firm [TRM Labs] traced 233.46 million XRP from five Binance wallets to an attacker-controlled address. [Elliptic] independently reported approximately 233 million XRP in related transfers. Large Withdrawals Return After Reopening Outflows above 1 million XRP fell to 14.7 million XRP on October 30, down 94.8%, during the withdrawal suspension. On November 1, Binance began restoring withdrawals, including XRP, in phases. Large-transfer outflows reached 80 million XRP that day—5.44 times the October 30 reading—while whale netflow remained negative at approximately −50 million XRP. Moving XRP off the exchange may reduce supply available for immediate sale and ease near-term selling pressure. The phased restart, together with Binance's commitment to absorb theft-related losses and fully back XRP balances, signals operational recovery and measures to protect customer assets.