Binance XRP Outflows Explode to 226 Million as Whale Activity Reaches Levels Last Seen in 2022

XRP whale net flow on Binance hit -226 million units on October 29. This reading is 2.72 times the -83 million units recorded in September 2022. CryptoQuant analysis flagged 283 million XRP in large-transfer outflows from the exchange that day, as the security breach unfolded. Whale Movement TRM Labs traced 233.46 million XRP from five Binance wallets to an attacker-controlled address, while Elliptic independently reported approximately 233 million XRP in related transfers. Large withdrawals above 1 million dropped to 14.7 million on October 30, down 94.8% during the withdrawal suspension. When Binance began restoring withdrawals, including XRP, in phases on November 1, large-transfer outflows climbed to 80 million, which is 5.44 times the October 30 reading. Whale netflow remained negative at approximately −50 million XRP.

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