XRP Whale Withdrawals Double on Coinbase While Binance Remains Whale-Led
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Large XRP withdrawals on Coinbase surged from roughly 10% to 25.7% in just over two weeks while Binance continued to record nearly half of outflows from transfers exceeding 1 million XRP, reflecting a shift toward whale-led CEX withdrawals as XRP traded near $1.05. On-chain data does not show whether funds moved to cold storage, custody solutions, or other destinations, highlighting potential impacts on exchange liquidity, market risk for crypto traders and DeFi participants.
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- Whale-sized XRP withdrawals on Coinbase climbed from roughly 10% to 25.7% in just over two weeks.
- Binance continued to record nearly half of all XRP outflows from transfers exceeding one million XRP.
- The data highlights changing exchange withdrawal patterns without revealing the final destination of the XRP.
Large XRP holders played a much bigger role in exchange withdrawals during the second half of June, with Coinbase recording a sharp increase in million-token transfers while Binance continued to be dominated by large transactions.
The changing outflow structure does not indicate whether the withdrawn XRP is moving into cold storage, custody solutions, or other destinations. However, the data shows that whales accounted for a growing share of exchange withdrawals as XRP traded near the $1.05 level.
Coinbase Sees Sharp Shift Toward Whale Withdrawals
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