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XRP Whales Move Almost $170 Million Off Exchanges in Seven-Month Withdrawal Spike
On September 11, XRP whale transactions moved more than $165 million worth of tokens off major exchanges, the largest daily withdrawal volume tied to large holders since February. CryptoQuant data shows transfers of at least 1 million XRP drove most withdrawals across Binance, Bybit, OKX, Upbit, and other exchanges.
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What happened
On September 11, XRP whale transactions moved more than $165 million worth of tokens off major exchanges, the largest daily withdrawal volume tied to large holders since February. CryptoQuant data shows transfers of at least 1 million XRP drove most withdrawals across Binance, Bybit, OKX, Upbit, and other exchanges.
Confirmed
Global impact / market context
Moving tokens off exchanges reduces the XRP available to buy there, which can tighten supply. If demand holds steady while fewer coins sit on trading platforms, buyers may need to pay higher prices, though this does not guarantee any price move.
Analyst inference
This withdrawal spike is the biggest among large XRP holders in about seven months, suggesting those holders are repositioning rather than selling on exchanges. Similar shifts can precede price swings because less tradable supply can amplify moves in either direction.
Analyst inference
What to watch
- Watch whether large XRP withdrawals of at least 1 million tokens continue across Binance, Bybit, OKX, Upbit, and other exchanges in coming days beyond the September 11 spike. Confirmed
- Track whether the tokens moved off exchanges return to trading platforms or move into private storage, which would signal whether holders intend to sell soon or hold longer. Proposed
- Watch XRP price and trading volume for signs that reduced exchange supply is tightening available coins, since thinner supply can make prices more sensitive to large buy or sell orders. Analyst inference
Affected assets
- XRP — XRP
- USDT — Tether