XRP Reserves on Binance Drop $640M, Signaling Possible Supply Shock

Published at 2025-11-27 15:15:09

CryptoQuant’s latest on-chain tracking indicates a sharp outflow of XRP from Binance, equating to roughly $640 million in value leaving the exchange. The firm says reserves are evaporating in real time; a snapshot from Oct. 6 put Binance’s balance at about 3.02 billion XRP, and the subsequent decline suggests a meaningful reduction in exchange-held supply.

A sudden pullback of exchange reserves can tighten available liquidity and increase price sensitivity to buying pressure, so traders may see higher volatility and thinner order books for XRP. The move matters to market participants and the broader Ripple ecosystem because less exchange supply can amplify rallies or squeeze short positions. Investors should watch on-chain flows and order-book depth for confirmation as the situation evolves.

Share on:

Related news

Binance Offers UAE Staff Temporary Relocation Amid Regional Unrest

Binance has offered temporary relocation options to employees in the United Arab Emirates amid regional unrest, saying its UAE operations remain unaffected. The company added that many staff have chosen to stay in place while the support is available for those who prefer to move.

CZ Says Rival Exchanges Spent Millions to Block His Pardon and Binance U.S. Return

Binance CEO Changpeng Zhao alleges U.S. crypto exchanges funded multi-million dollar lobbying to block a pardon from former President Donald Trump and keep Binance out of the U.S. market. The claim has not been independently verified.

Published at 2026-04-09 21:32:58
Binance Integrates Prediction Markets into App, Covers Gas Fees for Users

Binance has added access to third-party prediction markets inside its app for millions of users and will absorb gas fees to reduce friction. The exchange only facilitates access to the external application and does not operate the markets itself.

Published at 2026-04-09 14:00:11
NYT Names Adam Back as Satoshi; Back Denies, Ripple CTO Says 'Case Closed'

The New York Times published an 18‑month investigation linking Adam Back to Satoshi Nakamoto using stylometric analysis, interviews, and historical research; Back has denied the claim. Ripple’s CTO responded by calling the matter 'case closed' as the crypto community digests the report.

Published at 2026-04-09 13:15:12
Binance to Delist Six Crypto Assets on April 23, 2026

Binance announced on X that it will delist six crypto assets, with removals taking effect April 23, 2026. Users should review the exchange notice and manage holdings before the deadline.