XRP whale outflow share on Coinbase jumped to 25.7% by July 1, while Binance withdrawals above 1M tokens held near 50%.
Binance never had to change much. The withdrawal pattern for XRP barely moved through the back half of June, staying dominated by big wallets the entire stretch.
Coinbase told a different story. Transfers above 1 million XRP made up roughly 10% of the platform’s outflow value on June 16. Barely two weeks later, on July 1, that share had climbed to 25.7%, according to data published by CryptoQuant.
That’s not a small shift. Whale-sized transactions more than doubled their weight in Coinbase’s outflow mix inside sixteen days, adding just over fifteen percentage points to the total.
Source: CryptoQuant, chart by Amr Taha (cryptohisenberg)
Binance Keeps Doing What It Always Does
Binance’s above-1M-XRP withdrawals held near half of total outflow value across the same window, ending at 49.6%. Nearly one in every two dollars leaving the exchange belonged to a whale-sized transfer.
The charts break both platforms down by transfer size, from sub-10K wallets up through the million-plus tier. Coinbase’s daily outflow chart shows the below-10K share sitting at 7.8% as of the latest reading, with the 100K to 1M band still carrying more than half the platform’s volume at 56.1%, per the CryptoQuant writeup.
Binance’s version of that same chart looks steadier. Its 100K to 1M tier sat at 25.2%, and the 10K to 100K band came in at 14.7%. XRP price on both charts hovered near $1.045 at time of publication, well off levels documented in earlier coverage of the exchange flow rotation across multiple platforms.
Source: CryptoQuant, chart by Amr Taha (cryptohisenberg)
Nobody Knows Where the Coins Are Headed
The CryptoQuant writeup doesn’t confirm a destination for the coins leaving Coinbase. It just flags the shift. Large holders are accounting for a growing slice of Coinbase withdrawals right as Binance keeps running its familiar whale-heavy pattern.
Something changed on one exchange and not the other. That asymmetry is the whole story here, more than either number by itself.
Binance’s stability might just mean its user base skews larger to begin with. Coinbase’s jump could reflect newer whale activity, or simply smaller accounts stepping back while big wallets kept moving. The data doesn’t say which.
A Pattern livebitcoinnews Has Flagged Before
Recent on-chain tracking around XRP’s exchange balances flagged a similar rotation before, including a stretch where one platform captured almost all of the net wallet flow while another dropped toward zero. This latest Coinbase-Binance split fits that same rough shape.
