XRP Whales Trigger Seven-Month Withdrawal Spike Worth Over $170 Million

XRP whales moved nearly $170 million off exchanges in a seven-month withdrawal spike on September 11, according to CryptoRank. This marked the largest daily withdrawal volume tied to large holders since February.

Data from CryptoQuant shows that transactions involving at least 1 million XRP drove most withdrawals across Binance, Bybit, OKX, Upbit, and other exchanges.

The move came as XRP remained under pressure after reaching $1.69 in late August. Binance accounted for the largest share of the activity, with transactions involving at least 1 million XRP withdrawing 85.4 million tokens worth roughly $115 million.

CryptoOnchain noted that Binance experienced unusually high activity on both sides of the market on September 11, with inflows reaching 91.23 million XRP and outflows climbing to 113.91 million XRP.