Whales Shift 3.8 Billion XRP to Binance as Exchange Balances Fall 55%
Whales have moved 3.8 billion XRP into Binance since January 2026, raising the 30-day whale transfer average from 48 million to 82 million XRP by mid-February. Binance’s XRP reserves stayed near 2.5 billion while total exchange balances dropped 55% since October 2025, suggesting markets have absorbed most whale inflows.
1. Whale Transfers to Binance
Since January 2026, large holders have regularly sent XRP to the Binance exchange, resulting in a cumulative 3.8 billion tokens moved by late February. The 30-day average for whale transfers surged from roughly 48 million XRP at the start of January to about 82 million XRP by mid-February, with single-day inflows topping 31 million XRP on February 21.
2. Exchange Reserve Trends
Despite heavy inflows, Binance’s on-chain XRP balance has lingered around 2.5 billion tokens, down only marginally from 2.7 billion in late 2025. Meanwhile, total XRP held across all exchanges has declined about 55% from an October 2025 peak of nearly 3.8 billion to approximately 1.7 billion by early February, indicating a shrinking supply available for sale.
3. Market Absorption and Price Implications
The near-constant demand has absorbed most whale deposits, preventing a sharp price decline even as sell-side pressure mounts. If large wallet inflows continue, price resilience will depend on whether buying interest keeps pace or if accumulated supply eventually overwhelms demand.