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Crypto analyst Darkfost said XRP whale withdrawals from Binance have fallen to their lowest level in about five years. Darkfost said the 90-day moving average of XRP whale withdrawals from Binance stood at $49.7 million, the lowest since October 2021.
Asset transfers from exchanges to external wallets are typically seen as accumulation, he said, adding that the slowdown in such withdrawal activity may signal weakening interest in XRP among large investors. Darkfost also said whale behavior shifted significantly after XRP rose to around $3.3, with current withdrawal volumes at roughly one-70th of that earlier level.