Binance Sees Biggest XRP Whale Outflow Since February as 58 Million Tokens Exit

Binance recently recorded its largest intraday XRP whale outflow since February, as transactions worth at least 1 million XRP pulled out 58 million tokens.

XRP has continued to face selling pressure, down 16% this month and a massive 37.7% year-to-date, as prices recently collapsed to $1.11 amid the latest market-wide selloff.

However, during this renewed downward price action, investors appear to be pulling out more tokens from leading exchanges such as Binance. This trend could help reduce immediate selling pressure and support long-term price stability.

XRP Sees Largest Whale Outflow Since February

According to data provided by market resource CryptoQuant, whale transactions worth at least 1 million XRP pulled more than 58 million XRP tokens from Binance on June 10, representing the largest outflow volume for any value band on that day.

Moreover, this marked the biggest XRP whale outflow from Binance since Feb. 27, 2026, when transactions valued at 1 million XRP or more resulted in the withdrawal of 87.15 million tokens from the exchange platform. 

Meanwhile, CryptoQuant data shows that besides the whale transactions recorded during the recent June 10 event, traders also initiated massive withdrawals within other value bands. 

Specifically, transactions valued at 100,000 to 1 million XRP pulled out 16.34 million tokens from Binance that day, representing the second-largest outflow for any value band. 

Those involving 10,000 to 100,000 XRP withdrew over 12 million tokens, while traders pulled out nearly 3 million tokens through transactions worth between 1,000 and 10,000 XRP.

Overall, on June 10, Binance traders withdrew around 90 million XRP tokens from the platform through transactions valued at 1,000 to more than 1 million XRP. Importantly, this marked the largest single-day outflow for these cohorts since Feb. 28.

XRP Binance Supply Ratio Crashes to Lowest Level Since February

Notably, amid these withdrawals, the XRP exchange supply ratio on Binance has crashed to its lowest level since February. 

For the uninitiated, the exchange supply ratio is a measure of the share of XRP’s total supply that sits in specific exchanges. When this metric rises for a particular exchange, it indicates that the exchange holds more XRP tokens in relation to the overall supply. A drop indicates that the exchange holds less.

Today, the exchange supply ratio on Binance has dropped to 0.0269, representing the lowest reading since Feb. 26. This figure had surged to 0.0278 in mid-May before collapsing to 0.0270 toward the end of May and now to the current lows, as traders continue to pull funds out of Binance.

Possible Impact on XRP Price Action

When traders withdraw large amounts of XRP from Binance, this is typically a positive sign because fewer tokens remain available for immediate sale on the exchange. 

If these holders move their XRP to private wallets, custody platforms, or long-term storage, it often indicates a lower intention to sell in the short term. As a result, selling pressure can decrease over time.

However, exchange outflows alone cannot push prices higher, as XRP’s long-term performance still depends on demand. 

If demand continues to grow while more XRP leaves exchanges, the available supply for trading shrinks, which can support stronger price gains. Nonetheless, if demand falls, even massive exchange withdrawals may do little to influence the asset’s overall price trend.