TLDR
- XRP whales increased withdrawals from exchanges faster than retail users in recent weeks.
- The Whale vs Retail Spread rose from 26.0% to 50.9% between May 6 and June 29.
- Data shows a 24.9 percentage point jump in whale-driven exchange outflows.
- XRP whales now account for a larger share of total exchange withdrawals.
- Rising activity suggests stronger accumulation behavior among large holders.
Large holders have increased XRP movements away from exchanges, while retail users show slower activity. New data highlights a widening gap between these groups. The trend suggests stronger accumulation behavior among XRP whales despite uncertain price conditions.
XRP whales increase withdrawal dominance across exchanges
CryptoQuant data shows XRP whales have accelerated withdrawals compared with retail users across centralized exchanges. The seven-day moving average spread reflects this growing imbalance in activity. Verified author Amr Taha shared the data, which tracks whale and retail withdrawal differences.
The all-exchange reading rose from 26.0% on May 6 to 50.9% on June 29. This change marks a 24.9 percentage point increase in whale-driven withdrawals. XRP whales therefore account for a larger share of exchange outflows than retail users.
The Whale vs Retail Spread measures transfers above and below 100,000 XRP. A higher reading signals stronger activity from large holders. XRP whales continue to dominate exchange withdrawals as retail users remain less active.
XRP whales shift coins toward self-custody wallets
On-chain data indicates that XRP whales may move funds into self-custody wallets. Active receiving addresses on the XRP Ledger have increased in recent weeks. This rise suggests more wallets now receive XRP transfers across the network.
The data does not confirm the exact purpose behind these movements. However, analysts link large transfers to custody changes or operational adjustments. XRP whales may also restructure holdings across multiple wallets or platforms.
Amr Taha stated, “Whale-sized withdrawals have become increasingly dominant across centralized exchanges.” His analysis highlights a clear shift in transfer behavior among large holders. XRP whales appear to act independently of retail sentiment during market uncertainty.
Binance records lower concentration of XRP whales activity
Binance shows a different pattern compared with the broader exchange market. Its Whale vs Retail Spread dropped from 62.0% on June 11 to 44.6% on June 29. This decline reflects a 17.4 percentage point reduction in whale dominance.
The Binance figure now sits below the all-exchange average of 50.9%. XRP whales therefore distribute their withdrawals across other platforms instead of concentrating on Binance. This shift indicates a broader diversification in exchange usage.
Binance remains the largest exchange by trading volume and XRP activity. However, XRP whales have reduced their relative presence on the platform. The data suggests these large holders now spread transfers across multiple exchanges.
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