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▲ XRP
The flow of XRP exchange wallets has turned negative for the first time in a year. On Binance, the dominance of withdrawal wallets became clear.
According to crypto media outlet The Crypto Basic on July 4 (local time), Binance's 7-day net inflow/outflow wallet count dropped from 26,200 on June 7 to -6,210 on June 30. This was a sharp decrease of 32,410 in just 23 days.
This negative turn is the first since July 9, 2025. Compared to the -1,350 wallets at that time, the magnitude of the negative turn has deepened by about 4.6 times. CryptoQuant's indicator tracks the number of wallets, not the amount of XRP moved.
XRP started at approximately $1.3 in early June and fell by about 22% over the month. By the end of June, it had dropped to $1.01. Approximately 830 million XRP were last moved in the $1 to $1.06 range.
Exchange holdings also decreased. Binance's XRP holdings decreased from approximately 2.78 billion XRP on May 12 to approximately 2.61 billion XRP on July 2. The combined decrease in XRP holdings across both Binance and Upbit amounted to approximately 228 million XRP.
On Coinbase, the proportion of transactions exceeding 1 million XRP in the total withdrawal value jumped from approximately 10% on June 16 to 25.7% on July 1. Data showed that large wallet XRP withdrawal activity became more active in about two weeks.
[Key Article Summary]
-Binance's 7-day net XRP inflow/outflow wallet count turned negative for the first time in a year.
-The combined XRP holdings of Binance and Upbit decreased by approximately 228 million XRP.
-On Coinbase, the proportion of withdrawals from transactions exceeding 1 million XRP jumped from about 10% to 25.7%.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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