Whales pull $165M in XRP from exchanges, most since February
- —Whale outflows from exchanges topped $165 million — the most since late February
- —Binance: 85.4 million XRP worth $115 million, nearly 70% of total outflows
- —Bybit withdrew 20 million XRP worth $27 million, OKX 7 million XRP worth $9.45 million
- —XRP rose to $1.43 intraday but closed at $1.35 (+1.64%)
Why it matters: Large exchange withdrawals reduce selling pressure and could support the XRP price if the coins moved to cold storage.
Source: Cryptonews.net