CryptoQuant analyst PelinayPA reports declining whale-sized XRP transfers to Binance. Large XRP inflows remain subdued despite recent market price weakness. Reduced exchange supply could supp
CryptoQuant analyst PelinayPA has highlighted a notable decline in large XRP transfers to Binance, suggesting that whale selling pressure may be easing even as the cryptocurrency trades below its recent cycle highs. The shift comes as on-chain data shows fewer deposits from wallets holding more than 1 million XRP, a trend that could signal growing confidence among major investors and institutions.
According to PelinayPA, transfers exceeding 1 million XRP accounted for a significant share of Binance inflows between 2021 and 2025. Those transactions reflected active participation from whales and institutional-scale holders that frequently used the exchange during major market cycles. The analyst noted that Binance experienced elevated inflows from large XRP holders during the asset’s rally toward the $3 region. During that period, whale activity remained consistently strong, indicating that major market participants were actively moving funds onto the exchange.
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However, recent on-chain metrics reveal a different pattern, with the CryptoQuant chart showing that inflows from wallets transferring more than 1 million XRP have fallen substantially from their 2025 highs. At the same time, deposits from the 100,000 to 1 million XRP category have also remained relatively subdued.
That trend is important because large transfers to exchanges often signal intentions to sell. Historically, periods of increased whale deposits have coincided with heightened selling pressure and weaker market conditions. Current inflow levels, however, do not show the same behavior. According to PelinayPA, the absence of a major surge in exchange-bound XRP suggests that large holders are not rushing to exit their positions despite recent market volatility.
The analyst explained that previous market downturns were often preceded by notable spikes in both the 100,000 to 1 million XRP and 1 million-plus XRP inflow categories. Those increases typically reflected growing selling activity as investors transferred assets to exchanges. Current conditions appear different. Despite XRP’s decline from recent highs, Binance has not recorded an extraordinary rise in whale inflows. Consequently, on-chain activity does not indicate widespread profit-taking among major holders.
Source: CryptoQuant
PelinayPA believes the latest price weakness is more closely linked to leverage liquidations and broader market uncertainty than to aggressive whale distribution. Moreover, severe bear markets usually produce much larger exchange inflows as investors seek liquidity and prepare to sell.
The analyst also pointed out that whale inflows have remained restrained following XRP ETF approvals. That pattern could suggest reduced willingness among large investors to sell their holdings at current levels. Lower exchange inflows also reduce the amount of XRP readily available for sale. As a result, continued demand could support a stronger recovery if exchange supply remains limited.
Current on-chain data suggests XRP whales are maintaining confidence despite recent price weakness. As long as large Binance inflows remain below previous cycle peaks, selling pressure may stay contained and support a more constructive market outlook.
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