XRP News Today: XRP Holders Withdraw $151 Million from Binance Amid Strategic Shifts

On June 11, a significant amount of XRP, valued at over $151 million, was withdrawn from Binance. This marked a substantial increase from the $23 million recorded the previous day, indicating a strategic shift among XRP holders. Large-scale withdrawals from exchanges often signal investor confidence, as tokens removed from trading platforms are typically transferred to private storage, suggesting that owners are not in a hurry to sell.

The motivation behind this move remains unclear, but such behavior is frequently observed ahead of expected price movements. Despite the size of the withdrawal, XRP’s market price remained steady, hovering around $2.31. This stability in the face of major outflows hints at silent accumulation, a phase where seasoned traders position themselves without moving the market. These on-chain patterns provide valuable insights into investor behavior, especially for newer market participants.

While a spike in outflows does not guarantee a price rally, it often reflects the sentiment of more experienced players. In contrast, rising exchange inflows typically signal selling pressure. The XRP shift may also reflect broader developments. On June 11, VivoPower, a publicly listed firm, announced a partnership with the Flare blockchain to generate yield from its XRP holdings. This move could indicate that institutional players are looking for ways to leverage their crypto assets without liquidating them. In May, VivoPower also invested $121 million in XRP as a strategic reserve, making it the first company in the world with an XRP-focused treasury.

In another major development, the XRP Ledger is preparing to roll out an Ethereum Virtual Machine (EVM) sidechain in the second quarter of 2025. This marks a significant step toward Ethereum compatibility. The development was confirmed by Ripple CTO David Schwartz at the Apex 2025 event. The EVM sidechain is designed to combine the XRP Ledger’s low-cost, high-speed settlement layer with Ethereum’s robust smart contract capabilities. Built using the evmOS software stack, the sidechain is currently live on testnet, with a mainnet launch expected later this quarter after further validator onboarding. Unlike Ethereum-native blockchains, the XRP Ledger does not currently support the EVM environment that powers most decentralized applications.

In May, the XRP Ledger expanded its stablecoin offerings with the launch of two new region-specific assets, including EURØP, a MiCA-compliant euro stablecoin from Schuman Financial, and USDB, a dollar-pegged token issued by Brazil’s Braza Group. These developments suggest a growing institutional interest in XRP and its ecosystem, as well as a strategic shift among XRP holders towards accumulation and leveraging their crypto assets.