Financial commentator Levi has drawn attention to a dramatic reduction in XRP balances across major trading platforms as substantial volumes of the asset exit exchanges.
In a video shared via an X post, Levi directed his analysis toward wallets containing 10 million to 100 million XRP. He reported that these addresses accumulated 1.6 billion XRP over a two-week period, lifting their total collective balance to an all-time high of 13.93 billion XRP.
Levi subsequently analyzed exchange outflow metrics, connecting the activity of these major holders directly to the volume of XRP exiting prominent platforms. He noted that the data reveals a trend warranting careful observation.
$XRP Is Leaving Exchanges pic.twitter.com/fHmaj54YVm
— Levi | Crypto Crusaders (@LeviCryptoGuy) October 3, 2026
Large XRP Transfers Dominate Exchange Outflows
Additionally, Levi referenced September 30 metrics indicating that high-volume XRP transactions comprised a major portion of the outflow volume on both Coinbase and Binance.
The statistics he shared demonstrated that transfers of at least 1 million XRP made up 60.8% of the total XRP outflow value on Binance for September 30, while representing 48.7% on Coinbase.
By pairing these statistics with the accumulation observed in wallets holding 10 million to 100 million XRP, Levi argued that the convergence of whale accumulation and significant exchange withdrawals demands close scrutiny.
“When you see whale accumulation and huge XRP outflows happening at the same time, it’s something that you should definitely be paying attention to,” Levi stated.
Furthermore, he implied that major investors are acting with deliberate intent. “Smart money doesn’t make these moves for no reason,” Levi remarked, noting that he felt “pretty stoked” about the situation.
Commenter Urges Caution Over Supply Shock
Levi’s breakdown heavily centered on the recent behavior of major XRP investors. Based on the cited data, wallets in the 10 million to 100 million token tier grew their collective holdings by 1.6 billion XRP in just two weeks.
Simultaneously, large-scale transactions accounted for over half of Binance’s outflow value and nearly half of Coinbase’s outflow value on September 30. Levi highlighted these points to underscore the magnitude of the shifts occurring among whale accounts and exchange reserves.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Conversely, Erik J. Layton advised caution, telling readers not to mistake the documented outflows for a genuine supply shock. While conceding that large quantities of XRP may have departed from exchanges, Layton pointed out that substantial reserves are still accessible on trading venues.
“That may be true but still miles away from any supply shock. Much may have left the exchanges but much remains!” Layton stated.
Ultimately, Levi’s commentary centers on the scale and coincidence of the recent whale accumulation and exchange withdrawals, whereas Layton’s feedback highlights the considerable volume of XRP still housed on exchanges.