Key Highlights
- Nearly 200 million XRP ($284M at $1.42) withdrawn on Feb 9, 2026, dropping Binance holdings from 2.75B to 2.55B tokens.
- XRP Supply ratio fell from 0.027 to 0.025; CryptoQuant’s Darkfost calls it classic long-term holder behavior as tokens move to private wallets after a 40% YTD drop.
- Pattern has preceded past recoveries, yet momentum stays fragile with Bitcoin stuck below $70K and earlier whale inflows that could trigger selling if pressure returns.
In a turn of events that would make even the most jaded investor weep, the crypto world witnessed a mass exodus of XRP from Binance, as whales spirited away $284 million in a single, decisive act of fiscal rebellion. One might suppose they were fleeing a fiscal apocalypse, though the precise nature of this calamity remains shrouded in the same mystique that has long surrounded the cryptocurrency market.
As per latest data from CryptoQuant, XRP supply on Binance declined dramatically from 2.75 billion to 2.55 billion on February 9, 2026. This marks a decline of nearly 200 million tokens, worth approximately $284 million as per XRP’s latest market price of $1.42-according to CoinMarketCap. One wonders if the exchange’s coffers now resemble a desert, or if the whales have simply grown tired of the bureaucratic tedium of custodial wallets.
The exchange’s XRP supply ratio fell from 0.027 to 0.025 during the period. That decline corresponds to the reported outflows and suggests reduced immediate selling pressure, as funds are moved to self-custody rather than staying available for quick trades. A noble endeavor, no doubt, though one suspects the true motive is less about prudence and more about avoiding the existential dread of a sudden, unexplained price crash.
CryptoQuant contributor Darkfost highlighted the move in a recent analysis, describing it as a classic sign of accumulation. “A decline in assets held on exchanges means investors are moving their holdings to self-custody solutions such as personal wallets,” Darkfost wrote. “This can be interpreted as a signal reflecting an accumulation trend and willingness to hold for the long term.” One might argue that “willingness to hold” is a generous way of phrasing a desperate attempt to avoid the humiliation of a further price drop.
While the Binance outflows offer a bullish on-chain signal, similar patterns have preceded price recoveries in past cycles. However, analysts caution that momentum still remains fragile.
Recent price actions in the broader crypto markets have failed to break key resistance levels, with Bitcoin struggling to surge past $70,000. Market observers note that whale inflows to the exchange earlier in the year could offset the withdrawal trend if selling resumes. A scenario as likely as a penguin mastering the art of ballet.
Read More
- Poppy Playtime Chapter 5: Engineering Workshop Locker Keypad Code Guide
- Jujutsu Kaisen Modulo Chapter 23 Preview: Yuji And Maru End Cursed Spirits
- God Of War: Sons Of Sparta – Interactive Map
- 8 One Piece Characters Who Deserved Better Endings
- Mewgenics Tink Guide (All Upgrades and Rewards)
- Pressure Hand Locker Code in Poppy Playtime: Chapter 5
- Top 8 UFC 5 Perks Every Fighter Should Use
- Who Is the Information Broker in The Sims 4?
- Sega Declares $200 Million Write-Off
- Full Mewgenics Soundtrack (Complete Songs List)
2026-02-20 14:05