Ripple Slides 99.86M XRP Into Binance, Market Reads the Room 🏦

Ripple transferred 99.86 million XRP, valued at nearly $150 million, to Binance, according to on-chain data flagged by Whale Alert. The transaction was first routed to a Ripple subwallet before being distributed to a Binance-linked address, with the coins currently held at wallet rGMiNv.

On-chain analysis from XRPScan showed the funds originated from Ripple (50) wallet, which moved XRP to its subwallet rnU65s in an internal transfer, a day after 100 million XRP was transferred from Ripple (1). The activity comes as XRP faces renewed selling pressure amid broader weakness across the crypto market, and as Binance inflows have climbed alongside the price decline.

The latest movements follow a series of large XRP transfers from Ripple-controlled wallets tracked over recent weeks, with XRPScan data showing additional distribution of the $150 million in XRP from the same wallet to the rpxh7h subwallet associated with Binance (10). The transfers have sparked discussion among XRP community members monitoring whale activity, though Ripple has not publicly commented on the purpose of the latest transactions.

Whale Alert first highlighted the 99.86 million XRP transfer to an unknown wallet, drawing attention to the scale of the move. XRP was trading lower alongside major cryptocurrencies at the time of the transfers, reflecting risk-off sentiment across digital asset markets.