Saad Ullah
While most traders were hitting the panic button, XRP whales did the opposite. As XRP tumbled from nearly $2.95 to $2.80 this week, large holders quietly moved over 50 million tokens—worth about $150 million—off Binance and into cold storage.
Chart Breakdown: The Numbers Don't Lie
Data shared by Thomas Lauder shows this wasn't random selling pressure but calculated accumulation. When whales move coins to private wallets during a dip, they're usually betting big on what comes next.
The Binance outflow data tells the real story. XRP's sharp correction from $2.95 to $2.80 triggered massive whale activity, with the biggest withdrawals happening right at the bottom. Those light blue bars on the 1M+ XRP band show exactly when the smart money stepped in. This wasn't panic selling—it was strategic buying at discount prices.
Why Whales Are Loading Up
- Classic dip buying: Large players see corrections as shopping opportunities, not disasters
- Ripple's momentum: Regulatory wins and growing institutional interest are building a stronger foundation for XRP
- Positioning for the next wave: With Bitcoin potentially setting up for another run, whales might be getting ready early for altcoin season
Exchange outflows usually mean less selling pressure, which is bullish for price action. That $2.80 level where whales were most active could now become solid support. But don't expect smooth sailing—crypto markets can still swing hard if sentiment turns sour across the board.
Saad Ullah
