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Large XRP holders deposited approximately 691 million tokens into Binance within 24 hours, marking the largest single-day inflow recorded since 2024, according to onchain data from CryptoQuant, according to U.Today. The total value of the transfer was approximately $900 million, occurring while XRP traded around $1.3. This movement coincided with the asset retesting its multi-month low near $1.08, a price level last seen on August 20.
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As of 06:25 UTC, XRP traded at $1.10, +0.5% over 24 hours, with $2.2 billion in 24-hour volume.
Record Inflow Data
The surge in exchange deposits represents a significant shift in activity for large holders, often referred to as whales. The 691 million XRP deposited into Binance surpassed the previous record for daily inflows, which had been set during a major market correction in February 2025. While the specific trading price during the inflow period was around $1.3, the sheer volume of tokens moved drew attention from market analysts monitoring the asset’s performance.
The data indicates that this was not an isolated incident limited to a single day. XRP’s 90-day moving average of daily whale inflows has surged above $100 million following recent market declines. This metric reached its highest level in nearly six months, suggesting that large holders have been moving increasing amounts of XRP to Binance over an extended period rather than in a single burst of activity.
Price Action and Market Reaction
The massive increase in whale inflows occurred as XRP faced a severe market decline, falling far below its local lows. The asset recently retested its multi-month low around $1.08, sparking concern among traders regarding the depth of the correction. The timing of the large-scale deposits to the exchange intensified speculation about potential selling pressure from major holders.
Market participants have noted that the coinciding price decline points to increased selling activity. Although whale inflows to an exchange do not necessarily mean that the holders have sold their holdings, the simultaneous drop in price has led to heightened scrutiny of the asset’s near-term trajectory. The data from CryptoQuant highlights the scale of the movement, with the 90-day average reflecting a sustained trend of large holders positioning their assets on the exchange.
Onchain Metrics Context
The 90-day moving average of daily whale inflows is a key metric used to track the behavior of large holders over time. By rising above $100 million, the metric signals a sustained increase in the volume of XRP being moved to Binance. This trend has been observed over the last several months, with the recent spike bringing the average to its highest point in nearly half a year. The data provides a quantitative basis for assessing the level of activity among large holders during the current market correction.
The retest of the $1.08 level serves as a critical reference point for traders, as it marks the lowest price seen in several months. The combination of this price level and the record-breaking inflow has created a focal point for market analysis. Investors are monitoring whether the increased exchange activity will lead to further price declines or if the tokens will be held for future transactions. The onchain data remains a primary source for understanding the underlying movements of large XRP holders during periods of market volatility.
Source: U.Today
