XRP Whales Withdraw Huge Amounts Amid Market Surge

XRP whales have increased their activity on Binance, withdrawing more than 231 million XRP from the exchange in a single day. This movement coincided with the cryptocurrency's market capitalization surging by $44 billion over three days.

The development was highlighted by CryptoQuant author Darkfost, who noted that whale withdrawals from Binance have reached their highest level in six months.

XRP Whales Withdraw More Than 231M Tokens. According to Darkfost, whales withdrew more than 231 million XRP from Binance, worth over $335 million at the time.

The scale of the withdrawals stands out against the recent trend. Darkfost noted that the 90-day average for these whale outflows is around $40 million, meaning the latest movement represents a significant and sudden increase in large-holder activity.