- Binance whale XRP outflows climbed to 81% as retail participation dropped to 18%.
- Whale dominance across CEXs stood at 72%, about 9% lower than Binance.
- XRP volatility drops to 0.34, marking a three-month low after June’s sharp swings
Large XRP holders have taken control of withdrawal activity on Binance, with new data showing that whale-sized transfers account for a larger share of exchange outflows than those made by smaller investors.
The data records a shift in the pattern of XRP movements on the exchange, even as the token’s price remains near multi-month lows and market volatility continues to ease. At the same time, data from centralized exchanges as a whole show a different record, indicating that Binance is experiencing a different activity pattern compared with the broader market.
XRP Whales Dominate Binance XRP Outflows
According to CryptoQuant data, Binance’s seven-day moving average for XRP whale outflow dominance surged to around 81% on August 3. The indicator level was the same as it had been on June 11, when it was at 81.3%, but the second time of the year.
Retail involvement fell to 18%, in line with the previous reading on 11 June. The figures indicate that roughly four out of every five XRP outflows from Binance were associated with whale-sized transfers, while retail investors represented less than one-fifth of the activity.
Broader Exchange Activity Shows Different Trend
While Binance recorded an increase in whale participation, data from other centralized exchanges showed a more even distribution.
On August 3, whale dominance across all centralized exchanges was 72%, about 9% points below Binance’s reading. Retail activity reached 27%, also 9% points higher than the level recorded on Binance.
The broader market also changed compared with July 2. During that period, whale dominance across centralized exchanges declined from 79% to 72%, while retail participation increased from 20% to 27%.
Lower Volatility Accompanies Whale Activity
Separate Binance data shows XRP’s 30-day realized volatility has fallen to around 0.34, its lowest level in three months, while the cryptocurrency has traded near $1.07.
The decline follows the heightened price fluctuations observed in June and reflects a period of more subdued daily price movements. The lower volatility suggests reduced short-term speculative activity and a relatively balanced market between buyers and sellers.
Related: XRP Exchange Supply Shrinks as Binance Reserves Hit Four-Month Low
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
