XRP whale outflows from Binance hit their lowest level in five years

XRP’s biggest buyers appear to have stepped away from the checkout counter. According to on-chain analyst Darkfost, with data corroborated by CryptoQuant, XRP outflows from Binance to large-holder wallets fell to a 90-day moving average of roughly $49.7 million as of October 20, 2026. That is the weakest reading since October 2021, a five-year low for a metric widely watched as a gauge of whale accumulation. The numbers behind the slowdown The current reading looks thin next to recent history. In February 2025, the same 90-day measure peaked at approximately $3.5 billion. During that stretch, there were multiple instances where outflows exceeded $10 billion. A more complicated picture beneath the average In late September 2026, whales accounted for approximately 82% of total centralized exchange outflows at one point. That share later tapered off. In the weeks leading up to October 20, Binance and Upbit reserves together decreased by approximately 104.7 million XRP. Why whales are sitting on their hands Darkfost’s explanation centers on a counterintuitive culprit: XRP has held up too well. The analyst attributed the slowdown to XRP’s relative price resilience during the current bea...