Skip to main content
Back to news
Markets

Large XRP Withdrawals From Binance Reach Levels Not Seen Since 2022

(15 hours ago) · 1 source · Summarized by CryptoBipto

Reports indicate that approximately 226 million XRP have been withdrawn from Binance, marking a level of outflow activity not observed since 2022. The withdrawals have been attributed to large holders, commonly referred to as whales, moving tokens off the exchange. The reasons behind the movements remain unclear.

WHY IT MATTERS

When people withdraw cryptocurrency from an exchange like Binance, it is similar to taking cash out of a bank and putting it in a personal safe.

Read the full analysis with a CryptoBipto membership

Members read why every story matters and the full analysis behind it.

SOURCES

  • cryptopotato.com

RELATED

XRPXRPExchange OutflowsWhale ActivityBinance