3h ago

Coinbase XRP whale withdrawal share climbs to 25.7% by July 1 as Binance holds near 49.6%

AI Market Summary

CryptoQuant data show a sharp rise in Coinbase XRP whale withdrawals: transfers ≥1M XRP increased from ~10% of outflow value on June 16 to 25.7% by July 1, while Binance remained steady near 49.6%. Destination wallets are unconfirmed, so the signal is mainly about exchange-specific flow asymmetry and potential liquidity/positioning shifts, even as spot price holds near $1.045.

Impact level

● Medium

Affected assets

XRP/USDT+2.51%

AI Insight · XRP/USDTAI Insight

● Neutral

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By July 1, Coinbase’s share of XRP outflows tied to withdrawals of at least 1 million tokens rose to 25.7%, up from about 10% on June 16, while Binance stayed near 49.6%. Data also show Coinbase’s sub-10K XRP withdrawals accounted for 7.8% of outflow value, with the 100K–1M band still leading at 56.1%. XRP spot price hovered around $1.045. CryptoQuant did not identify where the funds leaving Coinbase went, but pointed to a clear divergence in whale behavior across the two exchanges.

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