Whales Splash XRP: Binance & Upbit Drown in Tokens!

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Ah, the theater of crypto! Behold, 31 million XRP doth swim into Binance’s coffers in a single day, while Upbit, not to be outdone, snags 14.8 million. All this as XRP, the fickle minx, flutters ’twixt $1.35 and $1.40, after a 40% tumble this year. A tragedy? Nay, a farce!

Lo, more than 31 million XRP didst flow into Binance’s embrace within the span of a day, whilst Upbit, ever the rival, captured another 14.8 million in the selfsame session. A veritable deluge of tokens, methinks!

’Twas the whales, those leviathans of the crypto sea, who led this grand procession. Their wallets, bloated with XRP, didst spill forth their treasures as the token traded ’twixt $1.35 and $1.40. Yet, alas, selling pressure doth loom, a specter haunting the markets after a 40% correction this year.

Whales, the Grand Players, Drive Binance’s Bounty

Blockchain data doth reveal that more than 31 million XRP didst wend their way into Binance’s vaults in a single day. Wallets holding ’twixt 100,000 and 1 million XRP were the chief culprits, their largesse dominating the deposits. Ah, the whims of the wealthy!

Whales in the 100,000 to 1 million XRP range were particularly frisky during this session. Even those with over 1 million XRP didst join the fray, while the humble retail wallets played but a minor role in this grand ballet.

Exchange inflows, they say, are a harbinger of potential sales. When the grandees move their tokens to exchanges, the markets tremble, fearing a glut. Yet, mark my words, transfers do not always spell doom!

Upbit, Too, Doth Feast on 14.8M XRP in the Same Revelry

Upbit, not to be outshone, recorded 14.8 million XRP in inflows on the selfsame day. Mid-sized wallets, those modest gentry, contributed some 58 percent of the total volume. A veritable feast of tokens across the platforms!

WOW! 💥

BINANCE, THAT GRAND THEATER, RECORDED OVER 31 MILLION XRP IN INFLOWS ON FEB. 21, THE LARGEST SINGLE-DAY SPIKE THIS MONTH & THE FIRST ABOVE 20 MILLION! 📈

UPBIT, NOT TO BE OUTDONE, SAW 14.8 MILLION XRP IN INFLOWS THE SAME DAY, WITH MID-SIZED HOLDERS CONTRIBUTING 58% OF THAT TOTAL! 💰…

– 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie)

At the hour of these transfers, XRP didst dance ’twixt $1.35 and $1.40. Order book data revealed sell walls, those formidable barriers, placed 1% to 3% above the spot price. Traders, ever vigilant, doth watch these levels with bated breath.

Analysts, those wise soothsayers, note that continued positive netflows ’twixt 20 million and 50 million XRP could signal ongoing exchange deposits. Yet, negative netflows, they say, may portend accumulation and withdrawals to private wallets. Ah, the ebb and flow of the crypto tide!

Related Reading: XRP Ledger Transactions Surge 40% to 2.5M as Network Activity Outpaces Price

Binance’s Supply Ratio Doth Wane, Despite the Recent Splurge

Despite the daily surge, Binance’s XRP supply ratio hath declined over the past ten days. From 0.027 to 0.025 it fell, a modest yet telling shift. Some 200 million XRP didst depart the platform in total. A withdrawal, methinks, of no small import!

🗞️ XRP Exchange supply ratio decline signals renewed investor accumulation

“Over the past ten days, the XRP supply ratio on Binance hath recorded a notable decline, dropping from 0.027 to 0.025. During this period, approximately 200 million XRP have left the platform. ’Tis worth…

– Darkfost (@Darkfost_Coc)

The supply ratio, a measure of Binance’s share of circulating XRP, doth reflect the balance of power. A lower ratio doth indicate that more tokens have been withdrawn than deposited over time. This trend, mark you, occurred even as short-term inflows spiked. A paradox, perchance?

XRP, that fickle token, hath corrected some 40% since the year’s dawn. Price volatility hath danced hand in hand with changing exchange balances. Market participants, ever watchful, doth track whale flows and supply ratios for short-term signals. Ah, the drama of it all!

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2026-02-24 20:34