Whales withdraw 44M XRP from Binance, second outflow this month

Title: 44M XRP left Binance; whale outflows deepen in February

Whales pulled 44M XRP from Binance on February 27. Another 30M left on February 6.

CryptoQuant flags the moves. The Multi Exchanges Daily Whales Netflow across 15 venues showed sharp negative readings. See the CryptoQuant Quicktake.

Negative netflow means outflows. Less sell-side pressure on exchanges. NewsBTC notes whales are adjusting positions. Read the NewsBTC whale positioning report.

Two large withdrawals in one month. That hints at accumulation. Or tokens moved to cold storage. Rising exchange inflows usually flag selling. NewsBTC explains this exchange netflow signal.

Supply on exchanges shrinks. If demand holds, price can lift. This supply-demand effect is outlined in NewsBTC’s price ladder analysis.

Key figures:
- 44M XRP outflow on Feb 27 source
- ~30M XRP outflow on Feb 6 source

At publication, XRP trades near $1.37. Down 2.9% day-over-day. Cited in the NewsBTC report.