Large XRP holders moved 122 million XRP off Binance on May 22, marking the biggest day of whale withdrawals from the exchange since February. The data only includes transactions larger than 1 million XRP each, making it a measure of activity from major holders rather than retail traders.
The latest figure is the first time since February 9 that more than 100 million XRP has been withdrawn from Binance in a single day through whale-sized transactions. On February 9, the same metric reached 278 million XRP, the highest level recorded this year.
XRP whale withdrawals reach highest level since February
Binance recorded 122 million XRP in withdrawals through transactions worth more than 1 million XRP each. This is the strongest whale withdrawal activity seen on the exchange in more than three months.
The previous major spike came on February 9, when 278 million XRP left Binance through large transactions. While the latest figure is lower, it still indicates a sharp increase compared with recent activity and suggests renewed movement among large holders.
Why are XRP whales moving large amounts off Binance?
The latest withdrawal surge came while XRP was trading around $1.35. By comparison, the February spike happened when XRP was trading near $1.43.
This means large holders are moving significant amounts of XRP away from Binance, even though the price is roughly 5.6% lower than during the previous major withdrawal event. Large exchange outflows are often watched closely because they can signal accumulation, long-term holding, or movement into private wallets.
What the latest outflows could mean for XRP
When large amounts of crypto leave exchanges, the supply available for immediate selling can decrease. This is especially important when the activity comes from whale-sized transactions rather than smaller retail transfers.
Market participants will now be watching whether the trend continues. If whale withdrawals remain elevated while XRP’s price remains stable, it could signal growing investor confidence and tightening exchange supply.
That sentiment was reflected in investment flows, with XRP attracting $119.6 million in inflows, its strongest weekly performance since December 2025. The surge pushed year-to-date inflows to $159 million, underscoring renewed demand for the asset despite broader market uncertainty.
Enjoyed this? Bookmark DeFi Planet, explore related topics, and follow us on Twitter, LinkedIn, Facebook, Instagram, Threads and CoinMarketCap Community for seamless access to high-quality industry insights.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
