151 Million USD XRP Withdrawn from Binance in 24 Hours — Are Whales Accumulating?

According to on-chain data from CryptoQuant, over 151 million dollars worth of XRP left Binance on June 11, marking one of the largest single-day withdrawals ever. The sudden increase in the amount of withdrawals occurred after $23 million was recorded the previous day, indicating a deliberate strategic shift by XRP holders. Mass withdrawals from exchanges often reflect investor confidence. Are whales accumulating XRP? When tokens are removed from the trading platform, they are often transferred to a private storage, indicating that the owners are not in a hurry to sell. In this case, the scale and speed of the exit are notable — increasing more than six times within 24 hours. The motive behind this move is still unclear, but such behavior is often seen before anticipated price fluctuations. Interestingly, despite the large amount withdrawn, the market price of XRP remains stable, hovering around $2.31. The stability in the face of significant outflows indicates a silent accumulation — a phase where seasoned traders position themselves without impacting the market. These chain models provide a useful perspective for interpreting investor behavior, especially for newcomers to the market. Although a sudden increase in outflow of funds does not guarantee that prices will rise, it often reflects the sentiment of more experienced players. Conversely, an increase in inflow of funds into the exchange often signals selling pressure. The changes in XRP may also reflect broader developments. On June 11, VivoPower, a publicly listed company, announced a partnership with the Flare blockchain to generate profits from its XRP holdings. This move may indicate that institutions are looking to leverage their cryptocurrency assets without needing to liquidate them. In May, VivoPower also invested 121 million dollars in XRP as a strategic reserve, becoming the first company in the world with an investment fund focused on XRP. Ripple converts to Ethereum bridge In another important development, the XRP Ledger is preparing to deploy the Ethereum Virtual Machine sidechain (EVM) in Q2, marking a significant step towards compatibility with Ethereum. This development has been confirmed by Ripple’s Chief Technology Officer, David Schwartz, at the Apex 2025 event in Singapore, with the leading support of the blockchain company Peersyst. The EVM sidechain is designed to combine the high-speed, low-cost payment layer of the XRP Ledger with the robust smart contract capabilities of Ethereum. Built on the evmOS software stack, the sidechain is currently operational on the testnet, with a mainnet launch expected by the end of this quarter after validators are continued to be brought into use. Unlike the native blockchains of Ethereum, the XRP Ledger currently does not support the EVM environment that powers most decentralized applications. In May, the XRP Ledger expanded its stablecoin offering by launching two new assets dedicated to specific regions, including EURØP, a euro stablecoin compliant with MiCA from Schuman Financial, and USDB, a dollar-pegged token issued by Brazil’s Braza Group.