Binance sees net outflow of 226 million XRP; 283 million XRP withdrawn on Oct. 29
Original headline바이낸스 XRP 순유출 2억2600만개…10월 29일 대형 출금 2억8300만개
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On October 29, Binance recorded 283 million XRP in large transfers (over 1 million XRP each) out of the exchange, with net whale outflow—after accounting for inflows—reaching 226 million XRP, according to CryptoQuant, making it 2.72 times the 83 million XRP net outflow recorded in September 2022. TRM Labs separately traced 233.46 million XRP moving from five Binance wallets to a single attacker address, while CryptoPotato reported that roughly $6.3 billion (about 8.47 trillion won) in digital assets was stolen in the security breach. The outsized XRP outflows reflect large holders moving funds off the exchange amid the hack, a flow pattern that can signal shifting whale positioning or defensive withdrawals. Watch for whether Binance confirms the breach scope, whether the attacker address moves or sells the XRP, and whether net outflows persist in coming sessions.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Binance, XRP (XRP), TRM Labs, CryptoQuant
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