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XRP Whales Pull 74 Million Tokens From Binance in Back-to-Back February Withdrawals

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Nexo Partners with Bakkt for US Crypto Exchange and Yield Programs

TLDR:

  • Binance recorded two XRP whale outflows on February 6 and February 27, totaling roughly 74 million tokens withdrawn.
  • The February 27 withdrawal of 44 million XRP stands as one of the largest single-day outflow events in the tracked data.
  • Negative netflow across 15 exchanges signals that large XRP holders moved assets away from active trading platforms.
  • Reduced XRP supply on Binance eases available selling pressure, a pattern analysts monitor for potential market shifts.

XRP whale activity on Binance has drawn attention after two notable outflow events within a single month. On February 27, approximately 44 million XRP left whale wallets on the exchange.

Earlier, on February 6, around 30 million XRP were withdrawn from the same platform. Both movements were monitored across 15 major crypto exchanges.

These back-to-back outflows have led analysts to examine how large investors are currently repositioning their holdings.

Two Consecutive Binance Withdrawals Mark a Notable February Trend

A chart tracking daily XRP whale wallet net flows across 15 exchanges documented both withdrawal events. The data showed a rise in negative netflow, meaning the digital asset was moving out of exchanges. Market analysts typically read outward flows from exchanges as a bullish signal for an asset.

The February 27 outflow of 44 million XRP ranks among the largest single-day events in the charted data. It followed the February 6 withdrawal of roughly 30 million XRP from the same exchange.

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Together, both outflows account for a combined removal of approximately 74 million XRP from Binance. Both events originated from the same platform within the same calendar month.

Analyst Amr Taha noted the rise in negative XRP whale flows from Binance in a market update post. The data suggests large holders moved assets off the exchange rather than positioning for near-term selling. These movements reduced the supply of the token available for active trading on the platform.

In contrast, positive netflow reflects the asset moving into exchanges, which raises available supply on a platform. A higher on-exchange supply generally creates more conditions for selling pressure to build.

February’s trend moved in the opposite direction as whale withdrawals drove Binance supply lower. Analysts use this contrast in flow direction to assess broader market conditions.

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Falling XRP Exchange Supply and What the Outflow Data Reveals

When XRP exits a major exchange like Binance, the coins available for active trading decline. Fewer tradable coins on the platform can ease the selling pressure that typically pushes prices lower. If buying demand holds steady as supply falls, the market may adjust upward to reflect this change.

Binance ranks among the most actively traded crypto exchanges globally by volume. Whale movements from this platform tend to carry more market weight than those from smaller exchanges.

Two large outflows from the same exchange within one month is a pattern analysts take note of. This suggests multiple large holders acted in the same direction within a short window.

The February data shows a consistent outflow pattern across both recorded events. The February 6 and February 27 withdrawals both moved in the same direction, reinforcing the overall trend. Repeated outflows in the same direction over a short period carry more analytical weight than a single event.

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Following both withdrawals, XRP available for trading on Binance has measurably dropped. Whether this leads to any market response will depend on whether demand holds or grows over time.

The outflow data reflects where large holders are placing their assets rather than forecasting price direction. It remains a relevant on-chain signal for those tracking whale behavior across crypto exchanges.

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Crypto World

US National Cyber Strategy Pledges Support For Crypto And Blockchain

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Cryptocurrencies, United States, AI, Donald Trump, Quantum Computing

Crypto industry executives are combing through US President Donald Trump’s National Cyber Strategy after it was released on Friday, searching for hints about what it could signal for government support of the crypto industry.

“Crypto and blockchain are explicitly named as technologies to be ‘protected and secured.’ This is a first for any US cybersecurity strategy,” Galaxy Digital’s head of firmwide research Alex Thorn said in an X post on Friday.

Crypto and blockchain were mentioned once in the six-page report:

“We will build secure technologies and supply chains that protect user privacy from design to deployment, including supporting the security of cryptocurrencies and blockchain technologies.”

However, industry executives have also been interpreting other parts of the document to see how they relate to crypto.

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Cryptocurrencies, United States, AI, Donald Trump, Quantum Computing
Source: Mark Chadwick

Thorn pointed to a section pledging to “uproot criminal infrastructure and deny financial exit and safe haven.” “This language could easily justify crackdowns on mixers, privacy coins, and unregulated off-ramps,” he said.

Bitcoin VC points out that quantum has been taken “seriously”

Castle Island Ventures founder Nic Carter, who has been vocal about the threat of quantum computing to Bitcoin (BTC) in recent times, pointed to the section saying the government “will accelerate the modernization, defensibility, and resilience of federal information systems by implementing cybersecurity best practices, post-quantum cryptography, zero-trust architecture, and cloud transition.”

“Sure seems like they’re taking quantum seriously. Nothing to worry about, I’m sure,” Carter said in an X post.

It comes as the crypto industry continues to debate about how close quantum computing is to being a serious threat to Bitcoin. On Feb. 15, Carter said that major Bitcoin-holding institutions may eventually lose patience with Bitcoin developers for not addressing quantum computing concerns quickly enough.

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Trump points to the next generation as a priority

Trump said that the National Cyber Security outlines his priorities for “ensuring that America remains unrivaled in cyberspace.” Artificial intelligence was a key focus of the report.

“We will secure the AI technology stack—including our data centers—and promote innovation in AI security,” it said.

Related: Community banks and crypto industry ‘are allies’ in CLARITY Act debate: Exec

Trump also emphasized the importance of recruiting the next generation of workers in the cyber workforce to “design and deploy exquisite cyber technologies and solutions.”

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The US typically releases a national cybersecurity strategy every administration, outlining the government’s priorities for emerging technologies.

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