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XRP Investors Are Withdrawing Massive Amounts of Coins From Binance!
Analytics platform CryptoQuant reported that large XRP investors have recently been actively withdrawing their assets from Binance. According to the data, approximately 403 million XRP have been withdrawn from Binance since May 3.
It was noted that most of these transactions involved 1 million XRP or more, indicating that the data primarily reflects the behavior of large players and institutional investors.
The analysis also highlighted that Binance has recorded daily large-scale withdrawals exceeding the 1 million XRP threshold since May 3. CryptoQuant stated that this points to a sustained outflow trend on one of the world’s largest cryptocurrency exchanges rather than a one-time event.
The company noted that large investor withdrawals from exchanges typically reduce available supply on liquid trading platforms. While this does not guarantee a direct increase in XRP’s price, it may ease short-term selling pressure and signal a stronger long-term holding trend among major investors.
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CryptoQuant also noted that the current volatility differs from the pattern previously observed on Coinbase. It is worth recalling that on March 27, March 30, and April 13, when XRP traded around $1.34, Coinbase experienced significant outflows. These transactions suggested that large investors were accumulating XRP at lower price levels.
However, recent activity has shifted toward Binance. The continuous outflow of large XRP volumes from Binance after May 3 coincided with XRP’s recovery toward the $1.47 level.
CryptoQuant stated that this pattern is important because the large withdrawal transactions are no longer isolated events but are becoming a consistent trend.
The company added that historically, regular and large-scale crypto outflows from exchanges are often interpreted as a decline in short-term selling intentions, as well as a sign of accumulation or transfers into long-term storage.
See also: "Binance Received 78% of Net Exchange Inflows in May"
