XRP Whale Activity Rises on Binance as Bitwise Sells $3.6M of Asset

CryptoQuant data shows that on August 3 the share of large‑whale XRP transfers on Binance jumped to 81% of total outflows, while individual investors fell to 18%. Across all centralized exchanges, whale dominance stood at 72% with individuals at 27%, indicating a stronger concentration of big‑wallet activity on Binance compared with the broader market.

Two days later, asset manager Bitwise sold roughly $3.58 million worth of XRP, a notable shift after a period of regular buying. The sale occurred while XRP price hovered around $1.04 and market volatility remained high, reflecting broader caution among institutional investors.

Both developments highlight heightened whale influence on Binance and a defensive posture by a major crypto fund, underscoring ongoing uncertainty in the XRP market.