More than $151 million worth of XRP was withdrawn from Binance on 11 June, according to on-chain data compiled by CryptoQuant, marking one of the most significant single-day outflows in recent memory.
The activity stood in sharp contrast to the relatively modest $23 million withdrawn the previous day.
This more than sixfold increase suggests a deliberate shift in positioning among large XRP holders, potentially signalling broader sentiment or institutional moves ahead of expected market developments.
On-chain data points to silent accumulation
While the price of XRP held steady around $2.31 during the withdrawal surge, the volume and nature of the activity indicate a possible accumulation phase.
Typically, such withdrawals mean tokens are being moved to private wallets, suggesting that holders are not planning to sell in the near term.
This pattern is commonly associated with high-conviction investors or so-called “whales”, who may be positioning themselves in anticipation of a future price move without disturbing the current market equilibrium.
Market participants often look to such trends for early indicators of institutional involvement or shifts in sentiment.
When large sums leave exchanges, it removes immediate selling pressure, which can tighten supply and set the stage for price action.
Although withdrawals are not a guarantee of a bullish rally, they do highlight changing investor behaviour, especially when combined with other developments across the XRP ecosystem.
XRP-linked partnerships and treasury investments grow
The timing of the outflows coincided with a significant development from VivoPower, a publicly traded firm.
On 11 June, the company announced a new partnership with the Flare blockchain to generate yield from its XRP reserves.
This follows a separate investment in May, when VivoPower allocated $121 million to XRP, creating the world’s first XRP-focused treasury reserve.
Such moves illustrate how corporate treasury strategies are beginning to incorporate blockchain yield opportunities.
Rather than liquidating assets, companies like VivoPower are now exploring mechanisms to generate returns through integrations with protocols such as Flare.
The Flare partnership suggests that XRP is being considered as a long-term asset, further validating the observed withdrawal patterns from Binance.
Ethereum compatibility coming to XRP Ledger
In a separate but potentially related development, Ripple is progressing towards Ethereum compatibility by rolling out an Ethereum Virtual Machine (EVM) sidechain for the XRP Ledger.
The announcement was made at the Apex 2025 conference in Singapore by Ripple CTO David Schwartz. Blockchain firm Peersyst is leading the technical implementation of the sidechain, which is currently live on testnet.
A mainnet launch is expected by the end of Q2 2025 following validator onboarding.
The EVM sidechain is being built using evmOS, a software stack designed to enable high-speed, low-cost transactions from the XRP Ledger while supporting Ethereum-based smart contracts.
This integration would enable XRP to tap into Ethereum’s vast decentralised finance (DeFi) ecosystem, offering developers greater flexibility and expanding the ledger’s utility.
Unlike Ethereum-native chains, the XRP Ledger does not natively support the EVM environment, so this sidechain marks a strategic step toward bridging the two ecosystems.
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