XRP Whales Pull $165M Off Exchanges in Largest Withdrawal Since February
- —Whales withdrew over $165 million in XRP from exchanges on September 11, the most since February
- —Binance saw 85.4 million XRP (~$115 million) leave via transactions of 1 million+ tokens, 70% of the outflow
- —Bybit recorded 20 million XRP ($27 million) in whale withdrawals, OKX 7 million ($9.45 million), Upbit 6.1 million
- —Binance inflows hit a six-month high of 91.23 million XRP, leaving a net outflow of 22.7 million
Why it matters: The two-sided flows point to gross rotation rather than accumulation: less XRP on exchanges could support prices, but heavy inflows offset the signal.
Source: ZyCrypto