XRP whale wallet withdrawals top 720M as risk-adjusted return data points to opportunity
Cointelegraph 2026-06-16 18:44:51
Context: Whale investors have withdrawn over 720 million XRP tokens from cryptocurrency exchanges since June 3, with a significant portion of these withdrawals occurring on Binance and Upbit. This surge in withdrawals coincides with XRP's price rebound to $1.30 and may indicate an accumulation period for the token. Market indicators, including the Sharpe ratio and exchange flow metrics, suggest that XRP may be poised for a potential 50% rally.
Key Facts
- Since June 3, more than 720 million XRP tokens have left crypto exchanges, with major crypto platforms recording roughly 722 million XRP in large daily outflows between June 3 and June 14.
- Upbit's share of XRP wallet flows has climbed to its highest level since May 2024, with a net wallet flow dominance of 31% on June 14, up from 13% a week ago.
- Binance whales led the outflows with 425 million XRP, and the Binance Whale vs. Retail Spread currently stands near 90%, indicating that large holders still account for the majority of XRP outflows on Binance.
- XRP's Sharpe ratio remains in negative territory, currently standing near -0.36, which has historically aligned with bearish consolidation phases for the asset, but has also produced some of its strongest gains, with average returns exceeding 50%.
- Crypto analyst Amr Taha noted that XRP's 5% rebound to $1.30 on Monday coincided with a clear rotation toward Upbit, with deposit-wallet activity becoming increasingly concentrated on the South Korean exchange.