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As of July 1, 2026, large XRP withdrawals from Coinbase—transactions of 1 million XRP or more—rose to 25.7% of the platform's total withdrawal value, more than doubling from 10% on June 16. Over the same period, Binance showed little change, with large withdrawals holding near 49.6%.
Wallets holding under 10,000 XRP accounted for just 7.8% of Coinbase outflows by value, while mid-size transfers in the 100,000 to 1 million XRP range remained dominant at 56.1%. XRP spot prices hovered around $1.045.
CryptoQuant did not confirm where the funds are headed, noting only a marked divergence in whale activity across exchanges.