XRP Whales Pull Back? Small Binance Transfers Hit Highest Share Since October 2024

The share of Binance XRP outflows under 10,000 tokens climbed to 19.7% of total outflow value on Oct. 20 from 3% on Sept. 30, a 6.6-fold increase and the highest since October 2024. Transfers above 1 million XRP fell from 60% to 38.6% of Binance outflows, while 100,000-to-1-million transfers rose from about 24% to 27%; outflows above 100,000 still accounted for 65.7% of the total. From Oct. 5 to Oct. 20, exchange holdings of XRP at Binance, Upbit and Bithumb increased by a combined 120 million tokens to 10.95 billion, with Binance contributing half. XRP fell more than 5% over seven days, and XRP spot ETFs recorded zero net flows Monday after $1.84 million in withdrawals the previous week.