Key Takeaways:
- •XRP's price falls 20% as whale inflows rise.
- •23.9 million XRP moved to Binance.
- •No official response from Ripple leadership.
XRP's value fell by 20% recently as significant whale inflows to Binance were recorded, leading to increased distribution of the digital asset.
This event highlights potential market manipulation, raising concerns about centralization and impacting investor sentiment, while exchange dashboards verify the observed liquidity shift.
The XRP price plunged 20% after notable whale inflows to Binance, leading to short-term bearish pressure. Whale wallets transferred over 23.9 million XRP, valued at $63 million, to the exchange, sparking significant market reactions.
Major whale activities involved in transferring XRP to Binance coincided with the absence of statements from Ripple's leadership. This substantial movement of XRP raised concerns among investors about market stability.
The effect on XRP was immediate, contributing to a significant downturn as open interest rose by 2.4% to $1.36B. This indicates increased leveraged positions, highlighting a volatile market environment. Analysts from Arkham Intelligence noted similar patterns in previous whale offloading events.
Financially, the pending spot XRP ETF applications by entities like Grayscale and WisdomTree remain significant, with potential for institutional inflows if approved. Real Coin Central provides updates on these developments, which are crucial in shaping future institutional interest and market trends.
Historical precedents show whale offloading often triggers XRP volatility, echoing past events when price plunges followed similar patterns. Analysts observe technical indicators like the descending triangle, pointing to pivotal support and resistance levels.
As of October 16, 2025, there are no publicly available direct quotes from Ripple's leadership or prominent cryptocurrency figures regarding the recent 20% price plunge of XRP triggered by whale inflows to Binance. However, I can summarize the situation and provide context based on public sentiment and on-chain data:
Ripple CEO Brad Garlinghouse: No official statements addressing the whale inflows or price actions have been recorded on verified social media platforms as of this date.