XRP Whales Flee Binance, Derivatives Market Sees Heavy Selling Pressure

A significant XRP whale exit has been observed on Binance, with $335 million worth of tokens withdrawn in one day. This marks a six-month high for whale withdrawals from the exchange.

The 231 million XRP removed from Binance pushed single-day outflows above $335 million, more than eight times the 90-day average of around $40 million. The unusual transfer volume underscores how extreme this event was during XRP's recovery.

Darkfost noted that continued accumulation could put the $2 level back in focus, saying 'Should this accumulation dynamic continue, XRP could test the $2 mark.'