185 Million XRP Moved from Binance to New Wallet

深潮 TechFlow reported that on Oct. 30, according to Whale Alert, around 04:06 Beijing time, 185,017,485 XRP were transferred from Binance to an unknown new wallet, worth approximately USD 236 million at the time of transfer.

The receiving address is a newly created wallet with no public label, so its owner and the purpose of the funds cannot currently be determined. Large asset transfers out of exchanges are generally interpreted as withdrawals or custody adjustments, and the specific intent remains subject to further on-chain tracking.

Note: Large on-chain transfers do not necessarily indicate buying or selling activity. Investors should be aware of risks.

Source: 深潮 TechFlow