Binance Sees Spike in XRP Whale Activity Amid Declining Retail Participation

XRP whale activity has intensified on Binance, according to data from CryptoQuant. On August 3, XRP outflows from Binance were dominated by whale-sized transfers, which accounted for around 81% of total withdrawals.

This represents a significant shift in the pattern of XRP movements on the exchange, even as the token's price remains near multi-month lows and market volatility continues to ease. In contrast, retail participation has decreased to just 18%, down from 20% in July.

The broader market also shows a different trend, with whale dominance across all centralized exchanges standing at 72%, compared to Binance's 81%. Retail activity on other exchanges is higher than on Binance, reaching 27%