Ripple-linked wallets send 23 million XRP to Binance as price weakens

Ripple-linked wallets moved XRP through an internal subwallet and then on to Binance-associated addresses, adding to market attention as XRP trades under pressure. Whale Alert highlighted a 50 million XRP transfer worth more than $50 million, and XRPScan data showed the Ripple (50) wallet first sent funds to subwallet raRVLN1 before that wallet distributed coins, mostly in 1,000,000 XRP increments, to the rBNCyN address tied to Binance. The same Ripple-linked wallet has sent 23 million XRP in total to rBNCyN this week, with those tokens then moving to Binance (11). A fresh update said Ripple transferred 50 million XRP worth $50.5 million to an unidentified wallet on August 13, 2026, with 1 million XRP moving to Binance shortly afterward. The transfers appear consistent with an operational liquidity wallet, potentially tied to on-demand liquidity (ODL, Ripple's cross-border payments product) or market making. Separately, weekly net inflows into U.S. spot XRP ETFs plunged 93%, signaling waning institutional interest.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.