Large XRP holders moved about 691 million tokens to Binance in 24 hours, the biggest single-day inflow since 2024. CryptoQuant data shows the deposits were worth roughly $900 million when XRP traded near $1.3. The move has drawn attention because it comes during a sharp price decline.
Whale Deposits Hit 2024 High
The 691 million XRP deposit tops the previous record from a market correction in February 2025, according to the onchain data. It is not just one day. XRP’s 90-day moving average of daily whale inflows has climbed above $100 million after recent market drops. That metric is now at its highest level in nearly six months. I think that detail matters more than the single headline number. It suggests large holders have been sending more tokens to Binance over a longer stretch, not just reacting to one bad candle.
Exchange inflows do not always mean immediate selling. Whales sometimes move coins for custody, trading, or other operational reasons. Still, the timing is hard to ignore. A large inflow to a major exchange often precedes selling activity, or at least gives holders a reason to watch order books more closely.
Price Falls to Multi-Month Low
XRP has retested a multi-month low around $1.08. That price was last seen on August 20. The drop has pushed the token far below its recent local lows and raised fears among traders. Trading activity picked up as the price fell, which is typical when key levels break.
The whale data and the price drop do not prove a direct cause-and-effect chain. Perhaps some holders are selling. Perhaps others are moving coins before more volatility. The market will need more data to separate the two. For now, the combination of heavy exchange inflows and a weak price chart has put XRP holders on edge.
What the Inflow Does Not Prove
A deposit to Binance is not the same as a completed sale. It is a signal, not a verdict. Analysts will likely watch whether those tokens stay on the exchange or move back out. If the inflow continues, it could add pressure. If it fades, the current fear may cool.
XRP is still trading in a sensitive range. The $1.08 level is the immediate marker to watch. A bounce could calm the market. A break lower could bring more attention to whale flows. For now, the data points to caution, not certainty.
