CryptoQuant data shows a sharp shift in XRP withdrawal patterns on Binance over the past several weeks. Between Sept. 30 and Oct. 20, the share of withdrawal value tied to transactions smaller than 10,000 XRP climbed from 3% to 19.7%, the highest level since October 2024. Over the same period, the share of large withdrawals above 1 million XRP fell from 60% to 38.6%.
The data also points to higher XRP reserves across three exchanges. From Oct. 5 to Oct. 20, combined XRP reserves on Binance, Upbit, and Bithumb increased by 120 million XRP, bringing the total to 10.95 billion XRP. Binance accounted for half of that increase, according to the figures cited by Techub.
Techub News, citing CryptoQuant data, reported a notable change in XRP withdrawal patterns on Binance.
Between Sept. 30 and Oct. 20, the share of withdrawal value from transactions smaller than 10,000 XRP rose from 3% to 19.7%, the highest level since October 2024. During the same period, the share of large withdrawals above 1 million XRP fell from 60% to 38.6%.
CryptoQuant data also showed an increase in XRP reserves across three exchanges. From Oct. 5 to Oct. 20, combined XRP reserves on Binance, Upbit, and Bithumb rose by 120 million XRP to 10.95 billion XRP in total. Binance contributed half of the increase.
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