Large XRP holders have transferred 1.669 billion tokens to Binance over the past 30 days, pushing the exchange's whale inflow metric to its highest level in seven months, according to Cryptoquant contributor Arab Chain. The activity comes as XRP trades near $1.33 following a difficult October.
Exchange Whale Deposits Reach Seven-Month Peak
The 1.669 billion XRP represents approximately $2.22 billion at a market price of $1.33 per token. This cumulative figure tracks transfers from large holders into Binance over a rolling 30-day period. The metric previously reached approximately 1.65 billion XRP in September before retreating, only to rebound above that threshold in recent days.
Increased whale inflows to centralized exchanges can increase the amount of XRP available for trading, potentially raising the risk of selling pressure, according to Cryptoquant's analysis.
Exchange Holdings Total Over 22 Billion XRP
The whale activity occurs within a larger context. Publicly attributed exchange wallets collectively control approximately 22.06 billion XRP across 699 wallets associated with 24 exchanges, representing roughly 22.1% of XRP's maximum 100 billion-token supply.
South Korea's Upbit leads with approximately 6.44 billion XRP, followed by Coinbase with 5.84 billion and Binance with 2.76 billion. Bithumb holds 1.85 billion XRP and Uphold holds 1.75 billion. These five platforms account for approximately 18.64 billion XRP, representing nearly 85% of the publicly attributed exchange balances.
Binance recorded the largest weekly increase among leading exchanges, adding approximately 54.6 million XRP to its tracked wallets between October 13 and October 15.
Price Pressures Mount in October
XRP entered October near $1.49 and has since surrendered approximately 10% to 12% of its value. Over the past week, losses have approached 5% to 8%. Traders have examined the $1.28 to $1.32 region for signs of support as the cryptocurrency struggled beneath several closely watched daily moving averages.
Exchange Inflows Do Not Necessarily Signal Sales
Arab Chain's analysis cautions that large deposits to exchanges do not necessarily indicate impending sales. Transfers can reflect portfolio restructuring, movements between wallets, or other services available through Binance. Exchange inflows reveal where tokens are going, not necessarily what their owners intend to do next.
Arab Chain recommends examining net exchange flows, trading volume, and price behavior together before drawing conclusions about selling pressure. Much of the XRP held by exchanges belongs to customers, while some balances include wrapped-token reserves and operational funds, making the figures estimates rather than a complete accounting of exchange-controlled XRP.
