Whales drove 77% of XRP exchange outflows before their share fell to 46.7% in eight days
CryptoQuant data put whales at 77% of XRP exchange outflows, then at 46.7% by October 8 as retail activity rose and the token fell to about $1.39.
Why it matters
Whale-to-exchange flows are read as positioning signals, and the reversal from 77% whale dominance to a 46.7% spread within eight days shows how quickly the composition of XRP withdrawals can change. The 1.38 billion XRP figure and the Binance and Upbit reserve declines also bear on how much of the circulating supply sits outside exchanges. What the flows imply for XRP price is not established by the data reported here.
Where the sources disagree
Whale share of XRP exchange outflows
Whales 77% of XRP outflows, seven-day average
Brave New Coin
Whale-retail spread 46.7% as of October 8, down from 64% on September 30
U.Today, The Crypto Basic
Brave New Coin reported whales at 77% of outflows on a seven-day average, while U.Today and The Crypto Basic reported the all-exchange whale-retail spread falling to 46.7% by October 8.
Origin of the 1.38 billion XRP Binance outflow figure
CryptoQuant reported 30-day sum of 1.38 billion XRP as a seven-month high
Brave New Coin
CoinGape cited, total near 1.38 billion coins leaving Binance
Bitcoin Insider
Brave New Coin attributed the 1.38 billion figure to CryptoQuant while Bitcoin Insider said CoinGape reported it, and no outlet confirmed which measurement window it covers.
Key facts
Whales accounted for about 77% of XRP outflows from centralized exchanges on a seven-day average, against 22.8% for retail participants.
77 %Disputed figureReported by Brave New Coin
On Binance, whale activity accounted for around 81% of XRP outflows versus 18.7% for retail.
81 %Reported by Brave New Coin
The reported Binance and Upbit reserve reductions amounted to approximately 104.7 million XRP.
104,700,000 XRPReported by Brave New Coin
The 30-day sum of XRP whale outflows from Binance reached about 1.38 billion XRP, its highest level in seven months.
1,380,000,000 XRPDisputed figureReported by Brave New Coin
The XRP whale-retail spread across centralized exchanges fell from 64% on September 30 to 46.7% on October 8, a decline of 17.3 percentage points or about 27%.
46.7 %Disputed figureReported by U.Today
XRP fell from a local high of $1.52 on October 6 to around $1.39 at press time, with the decline attributed to broader market selling, higher US Treasury yields and leveraged liquidations.
1.52 USDReported by The Crypto Basic
What happened
CryptoQuant data showed whales accounting for roughly 77% of XRP outflows from centralized exchanges on a seven-day average, against 22.8% for retail, with a stronger concentration on Binance at about 81% of outflows versus 18.7% for retail, according to Brave New Coin. Brave New Coin also reported Binance XRP reserves falling from about 2.704 billion to 2.631 billion between September 26 and October 4, and Upbit reserves dropping from roughly 6.446 billion to 6.415 billion between September 11 and October 5. Bitcoin Insider, citing CoinGape, put the 30-day sum of whale XRP outflows from Binance at about 1.38 billion coins and described XRP as the leading asset in exchange outflows, while Brave New Coin separately reported the same 1.38 billion figure as a seven-month high. By October 8 the picture had reversed: U.Today and The Crypto Basic both reported that the XRP whale-retail spread across centralized exchanges fell from 64% on September 30 to 46.7% on October 8, a drop of 17.3 percentage points or about 27%, with retail becoming a larger share of outflows. Both outlets stressed that the falling spread does not show whales selling and instead indicates they were barely participating. On price and drivers, The Crypto Basic reported XRP falling from a local high of $1.52 on October 6 to around $1.39, attributing the drop to broader market selling, a rise in the US 30-year Treasury yield toward 5.72% on October 7, and leveraged liquidations. Brave New Coin also reported rising Bitcoin short positioning on Hyperliquid, and Bitcoin Insider repeated that detail. What remains unclear is why the whale share collapsed so quickly, whether the 1.38 billion figure measures the same window as the seven-day average share, and what the Hyperliquid short build actually amounts to, since only the original outlet reported it.
How the story developed
- First report
First report by Brave New Coin
XRP Whales Dominate Exchange Outflows as Bitcoin Shorts Rise on Hyperliquid
- Update
Whales account for 77% of XRP exchange outflows
CryptoQuant data put whale share of centralized exchange outflows at about 77% on a seven-day average, with Binance higher at about 81%, alongside declining Binance and Upbit XRP reserves.
- Update
CoinGape-sourced report puts Binance whale outflows near 1.38 billion XRP
Bitcoin Insider relayed a CoinGape figure of about 1.38 billion XRP leaving Binance and described XRP as the leading asset in exchange outflows.
- Update
Whale-retail spread narrows to 46.7%
U.Today reported the XRP whale-retail spread across centralized exchanges fell from 64% on September 30 to 46.7% on October 8, with the change reflected more sharply on Binance, and said the decline does not indicate whales selling.
- Update
XRP drops to about $1.39 as retail outflow share rises
The Crypto Basic reported XRP falling from a $1.52 local high on October 6 to around $1.39, citing broader selling, a US 30-year Treasury yield near 5.72% on October 7 and leveraged liquidations, and confirmed the spread figure.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 7 Oct 2026, 17:28 UTC: Brave New Coin — 1 independent source, 1 reports
- 8 Oct 2026, 00:23 UTC: Bitcoin Insider — 2 independent sources, 2 reports
- 8 Oct 2026, 15:50 UTC: U.Today — 3 independent sources, 3 reports
- 8 Oct 2026, 17:35 UTC: The Crypto Basic — 4 independent sources, 4 reports
Affected entities
Also mentioned: USD Coin, Upbit, United States
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Brave New Coin Crypto media | XRP Whales Dominate Exchange Outflows as Bitcoin Shorts Rise on Hyperliquid | Original | |
| U.Today Crypto media | XRP Whale Dominance Drops 27% in Just 8 Days | Syndicated | |
| The Crypto Basic Crypto media | XRP Retail Activity Spikes Across Exchanges as Whale Dominance Shrinks to 46.7% | Syndicated | |
| Bitcoin Insider Aggregator | 1.38 Billion XRP Leave Binance as Whale Outflows Accelerate | Syndicated |
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