XRP Market Now Controlled By Whales? Dominance Reaches 91% On Binance

TL;DR

Whales now control 91.4% of XRP outflows from Binance, with retail traders dropping to just 8.4%. This shift coincides with significant net inflows into XRP exchange-traded funds, indicating a change in market dynamics.

Key points

Whales control 91.4% of XRP outflows from Binance
Retail traders account for only 8.4% of outflows
XRP ETFs recorded $11.28 million in net inflows

Mentioned in this story

BinanceCryptoQuant

US spot XRP exchange-traded funds recorded net inflows of $11.28 million on Tuesday, marking their second consecutive positive day — a streak that coincides with a sharp shift in who is actually moving XRP off centralized exchanges.

Whales Take Over The Outflow Picture

Large holders now account for 91.4% of all XRP leaving Binance, according to on-chain data compiled by CryptoQuant analyst Amr Taha. Retail traders, by contrast, have been squeezed to just 8.4% of outflow activity on the platform. The gap is striking. And it isn’t limited to Binance — across all centralized exchanges combined, whale-driven outflows have climbed to 90.5%, the highest reading recorded since 2024. Retail participation across those same platforms has slipped to roughly 9%, its lowest point in the same period.

Source: CryptoQuant The numbers paint a picture of a market where small traders have largely stepped back, leaving the heavy movement to bigger players who rarely show their hand.

Exchange Reserves Shrinking Fast

Separate data flagged by market watcher Xaif Crypto shows XRP reserves on Binance are falling at a pace not seen since March. Deposit and withdrawal flows over the past 30 days have flipped, with withdrawals outpacing deposits by a growing margin.

Something’s happening with XRP on Binance 👀

net withdrawals just hit a 30-day reversal coins flying off the exchange at the fastest pace since March 📉

the supply shock is loading …….. $XRP pic.twitter.com/nlJLdUOCA1

— Xaif Crypto (@Xaif\_Crypto) May 6, 2026 When tokens leave exchanges at this speed, it typically means fewer coins are available for immediate sale — a condition that can tighten supply and affect pricing if demand stays steady or grows. The ETF inflow data adds weight to that picture. Reports indicate that institutional interest in XRP has been climbing, and two straight days of positive suggest that appetite has not cooled. Source:

Q&A

What percentage of XRP outflows from Binance are controlled by whales?

Whales account for 91.4% of all XRP outflows from Binance.

How much net inflow did XRP exchange-traded funds record recently?

XRP exchange-traded funds recorded a net inflow of $11.28 million on Tuesday.

What does the recent trend in XRP outflows indicate about market participation?

The trend shows a significant decline in retail participation, with whales now driving nearly all XRP movements.