Major XRP holders withdrew 122 million tokens from Binance on May 22, marking the largest single-day whale outflow since February. This surge in off-exchange accumulation coincides with Ripple‘s scheduled release of 1 billion XRP from escrow on June 1, valued at approximately $1.36 billion, and occurs as exchange liquidity hits a multi-year low.
Whale-scale withdrawals of XRP from Binance hit their highest level since February, with 122 million tokens moved off the exchange on May 22. Every transaction exceeded 1 million XRP, confirming the activity was strictly from large holders.
The May 22 figure represents the first time since February 9 that over 100 million XRP left the exchange in whale-sized transactions. CryptoQuant analyst Amr Taha noted the share of daily outflows from wallets above that threshold climbed to 57.6%, the highest since March 28. This accumulation is notable as it occurred with XRP trading around $1.35, roughly 5.6% lower than during the February outflow event.
Concurrently, XRP‘s 30-day liquidity index on Binance fell to around 0.043, its lowest reading since January 2020. Analyst Arab Chain stated: “The XRP market appears to be experiencing a clear period of weak activity, which could pave the way for sharper price movements if liquidity returns and trading volumes increase in the coming period.”
Ripple is set to unlock 1 billion XRP from escrow on June 1 as part of a long-standing scheduled program. Historically, the company re-locks between 600 million and 800 million tokens shortly after each release, resulting in a net addition of 200 to 400 million XRP to circulating supply.
On the institutional side, XRP saw $119.6 million in inflows last week, its strongest weekly performance since December 2025. Binance XRP reserves also fell to a three-month low near 2.70 billion tokens on May 24.
