Binance Records 122M XRP Outflows in Whale Transactions, First 100M+ Day Since February
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On May 22 crypto whales withdrew 122 million XRP from Binance in transactions above 1 million XRP each, the first 100M+ withdrawal day since Feb 9 when 278M XRP moved. The large net outflows and Binance XRP liquidity and reserves falling to multi‑year lows point to off‑exchange accumulation around $1.35–$1.40, reducing CEX sell pressure and potentially supporting XRP price.
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- Crypto whales withdrew 122M XRP from Binance, the highest since February.
- The net outflows suggest accumulation around the $1.35 and $1.40 range.
- Binance XRP liquidity and reserves are falling to multi-year lows.
Big XRP investors are once again moving large amounts of XRP off Binance. According to CryptoQuant analyst Amr Taha, Binance recorded 122 million XRP in withdrawals on May 22, with each transaction exceeding 1 million XRP.
This is the largest whale withdrawal since February, even though XRP’s price is still lower than it was during the previous surge.
Specifically, this figure marked the first 100 million-plus whale withdrawal day since February 9. At the time, large withdrawals reached 278 million XRP. Meanwhile, what stands out this time is the price environment.
While the February spike occurred when XRP traded near $1.43, the latest withdrawal…
Read The Full Article Binance Records 122M XRP Outflows in Whale Transactions, First 100M+ Day Since February On Coin Edition.
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