XRP Whales Withdraw Record $335M from Binance Amid Price Surge
XRP whales withdrew $335 million worth of tokens from Binance in a single day, marking the highest outflow in six months. This significant move coincided with a 70% price increase and a $44 billion rise in XRP's market capitalization over three days.
Futures trading volume also reached a six-month high at $11.37 billion, indicating strong derivatives activity. These developments suggest large holders are repositioning, potentially reducing sell-side supply and supporting XRP's rally toward the $2 price level.