691 Million XRP Hits Binance in Largest Whale Inflow Since 2024

Roughly 691 million XRP moved to Binance in a single 24-hour window on November 9, 2026 — the largest single-day whale inflow to the exchange since 2024, according to CryptoQuant data cited by U.Today. At XRP's transfer-time price near $1.30, the deposit carried an estimated market value of $900 million, topping the previous record set during the February 2025 market correction.

The timing compounded the signal. XRP was retesting $1.08, a level last seen on August 20, while Bitcoin slipped below $74,000 and total crypto market capitalization dropped under $2.5 trillion, per CryptoPotato. CoinGecko listed XRP at $1.089 at 11:21 UTC on November 9 — down 6.36% over 24 hours, with a market cap near $69.2 billion and daily volume around $2.5 billion.

Who moved the tokens?

The senders remain unidentified. The sourced material names no wallets, companies or traders, which means the market signal rests entirely on scale and timing. A single entity could have split the transfer across multiple transactions, or several holders could have moved simultaneously — on-chain data cannot distinguish between the two.

There is no basis for attributing the deposits to Ripple, a fund or any market maker. What the data does establish is that a significant block of XRP reached a venue that supports spot trading, lending and collateral while the token traded near a multi-month low.

What does the $100 million average show?

The single-day figure is only half the story. CryptoQuant's 90-day moving average of daily whale inflows had climbed above $100 million after the recent market decline — a near six-month high. The November 9 transfer ran roughly nine times that average.

One large day is noise; a rising three-month average is a trend. Large holders had steadily moved XRP toward Binance throughout the broader downturn, and the multi-month benchmark suggests consistent behavior rather than a one-off repositioning.

Deposits are not sales

The $900 million figure describes tokens that arrived at Binance — not confirmed sale proceeds or cash withdrawn. The depositors may have held the coins, posted them as collateral, lent them out or moved them again.

The price decline and the inflow occurred in the same window, but the data cannot establish cause and effect. XRP's roughly $2.5 billion daily volume gives some scale to the inflow, yet the execution method, timing and final destination of the deposited tokens determine whether the transfer ever becomes visible selling pressure. Interpreting every inflow as immediate sell-side activity overstates what on-chain records actually show.

The dollar estimate also shifts with the market. By the time CoinGecko data was pulled, XRP had fallen to $1.089 — the same 691 million tokens were worth less at that price than at transfer time.

Why holders are watching

A $900 million block of potential supply landing on Binance matters because buyers were already stepping back. Whether that supply reaches the market depends entirely on what the depositors do next. Holders face the practical risk of continued heavy deposits near a multi-month low; traders face the opposite risk of pricing in a selloff that never materializes.

The market context amplified the concern. Bitcoin's break below $74,000 came with steep losses across major altcoins, and thinning liquidity during sentiment-driven downturns can magnify the effect of large transactions.

What happens next

The most relevant signal now is whether daily whale deposits stay elevated after the 691 million XRP transfer. The 90-day average above $100 million gives traders a benchmark: fresh deposits near current prices would sustain the supply concern, while a slowdown would weaken it even if the broader market stays weak.

XRP's behavior around $1.08 frames the near-term picture. The level, last touched on August 20, is the clearest reference point on the chart — a sustained move away from it changes the narrative, while another test keeps the whale-flow data front and center. The sourced reporting sets no deadline or scheduled event that would independently resolve the situation; three numbers define it for now: 691 million tokens in 24 hours, an estimated $900 million at transfer, and a 90-day inflow average above $100 million.