Ripple has moved nearly 100 million XRP in a transaction worth roughly $150 million, with the funds subsequently routed toward Binance-linked infrastructure. The large on-chain movement comes as XRP faces renewed selling pressure, raising questions about whether the transfer could increase exchange-side liquidity.
However, the blockchain data does not confirm that Ripple sold the XRP.
Ripple Moves 99.8 Million XRP in Major On-Chain Transfer
A Ripple-associated wallet transferred 99,866,844.207723 XRP on October 6, 2026, at 16:18:51 UTC. At the time, the transfer was worth approximately $149.6 million, based on XRP’s prevailing market price.
https://medium.com/media/5304cac11ad26ab625e14d558ada4945/href
The XRP was sent from Ripple (50) wallet rJqiMb94hyz41SBTNr2AyPNW8AzELa8nE to rnU65s4J4ffJF5VtTEuHtEdWMKc1m9AR5J, with destination tag 681503328.
Transaction hash:
DC6C998C3A774E558D191B8CD1C5A901D7BF46760ACAA5A62E0C3EC5B1AB3F75
The transaction was successfully confirmed and carried a fee of just 0.000015 XRP.
Where Did the XRP Go?
The more interesting part of the transaction happened shortly afterward.
The receiving rnU65s… wallet forwarded essentially the entire 99.87 million XRP to rpxh7h17d8h2pARfKCe17KpzskZkhuZZY1, an address widely identified as Binance-linked and carrying destination tag 3287086030.
The intermediary wallet’s balance subsequently returned close to its previous low level, suggesting that it functioned primarily as a routing wallet rather than a long-term destination for the XRP.
The two-step routing pattern provides additional context to what would otherwise appear to be a simple Ripple wallet transfer.
Does This Mean Ripple Is Selling XRP?
Not necessarily.
A transfer from a Ripple-associated wallet to an exchange-linked wallet can make XRP more readily available for trading, but it does not prove that the tokens were sold on the open market.
Large XRP movements can also be associated with operational transfers, liquidity management or market-making activity. Therefore, the available on-chain evidence confirms a substantial XRP movement toward Binance-linked infrastructure, but not a completed $150 million sale.
Binance XRP Inflows Add Another Layer
The transaction becomes more notable when viewed against broader Binance flows.
Approximately 1.6 billion XRP flowed into Binance over the previous 30 days, making the period one of the strongest 30-day XRP inflow periods since March.
Source : Cryptoquant Post
The individual Ripple transaction therefore represents only one component of a much larger exchange-flow picture.
XRP Price Remains Under Pressure
XRP was trading around $1.44–$1.46 on October 7, down about 3% over the previous 24 hours. The token also traded as low as roughly $1.43–$1.45 during the day.
The price decline happened around the same time as the large XRP transfer, but there is no clear evidence that the transfer caused the drop. The two events occurred during the same period, but the available data does not establish a direct link between them.
What XRP Holders Should Watch Next
The key question now is what happens to the nearly 100 million XRP after reaching Binance-linked infrastructure.
If the tokens remain within exchange wallets, the transfer could primarily represent liquidity or operational activity. If substantial amounts begin moving into active market-facing wallets alongside increased exchange selling volume, traders could interpret that as a stronger indication of potential sell-side pressure.
For now, the clearest on-chain conclusion is straightforward: 99.87 million XRP moved from a Ripple-associated wallet through an intermediary and toward Binance-linked infrastructure.
Whether the transfer ultimately represents liquidity management, market-making activity or potential selling will depend on what happens to the XRP next.
Ripple Just Moved 99.8 Million XRP to Binance Here’s Where It Went was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.