Binance Sees $40 Billion XRP Influx as Profit-Taking Threatens Recovery

XRP is facing significant selling pressure as investors MOVE to secure profits, potentially disrupting its recent recovery. Over 17 billion XRP, worth approximately $40.2 billion, flooded Binance last week, mirroring a similar sell-off in February 2024 that led to a price slump. Market sentiment remains cautious, with holders hesitant to bet on further gains, raising concerns about the altcoin’s supply-demand balance.

$40 Billion in XRP Hits Exchanges—Will Profit-Taking Extend the Four-Month Downtrend?

XRP faces mounting selling pressure as investors rush to secure profits, potentially derailing its recent recovery. Exchange reserves surged last week, with over 17 billion XRP—worth $40.2 billion—flooding Binance. This mirrors a February 2024 sell-off that preceded a price slump.

Market sentiment appears cautious, with holders unwilling to gamble on further gains. The altcoin’s supply-demand equilibrium now tilts toward oversupply, increasing odds of a near-term correction. Such large-scale profit-taking reflects broader uncertainty among XRP investors.

Celebrate Binance Pizza Day: Binance’s Global Crypto Pizza Parties

On May 22, 2010, Laszlo Hanyecz, a Florida-based programmer, made history by trading 10,000 bitcoins for two pizzas from Papa John’s. What began as a lighthearted experiment now stands as a landmark moment in cryptocurrency lore—those bitcoins would be worth millions today. Binance commemorates this event with global pizza parties, celebrating Bitcoin’s journey from niche curiosity to mainstream asset.

EOS Surges 10.20% Amid Trump-Linked Whale Accumulation

EOS (EOS) rallied sharply after a significant accumulation by a Trump-affiliated entity fueled Optimism for a sustained price recovery. World Liberty Financial (WLF), a DeFi platform backed by former President Donald Trump, purchased 3.636 million EOS tokens worth $2.996 million at an average price of $0.824 via PancakeSwap.

The transaction, executed on Binance Smart Chain, has reignited bullish sentiment in the EOS market. Large-scale acquisitions by institutional players often signal confidence in an asset’s long-term prospects. Market participants are now watching whether this move triggers a broader rally.

Binance’s Ethereum Reserves Drop 300K ETH, Bullish Sentiment Builds

Ethereum reserves on Binance have plummeted by 300,000 ETH since mid-April, signaling a shift toward long-term holding and decentralized protocols. The exchange’s balance now stands at 3.9 million ETH, down from 4.1 million, reducing immediate sell-side pressure.

With 81% of ETH holders currently in profit and key resistance clusters NEAR $2,665, the market faces a critical juncture—either profit-taking or a decisive breakout. ETH traded at $2,605.85 at press time, up 2.77% in 24 hours.

The sustained withdrawal trend from centralized exchanges could tip the scales in favor of bulls eyeing the $2,700 threshold. Fewer coins available for quick liquidation often precede upward momentum, though market makers may test conviction at key levels.

Whale Realizes $1.08 Million Profit from Chainlink (LINK) After Nine-Month Hold

A significant whale transaction involving chainlink (LINK) has captured market attention. An investor deposited 200,355 LINK tokens, worth $3.27 million, into Binance after a nine-month dormancy period. The move netted a profit of $1.08 million, showcasing the potential gains from strategic long-term holdings.

The whale initially accumulated 345,786 LINK tokens for $4.56 million nine months ago. After the recent sale, the wallet retains 145,430 LINK, valued at $2.37 million. Such activity underscores the growing institutional confidence in Chainlink’s oracle network and its role in decentralized finance.

XRP Price Dips Despite Stable Binance Reserves, Bullish Pattern May Emerge

Ripple-linked XRP has retreated to $2.385 after briefly touching $2.575 earlier this week, marking a 7% pullback. The dip comes despite Binance’s XRP reserves holding steady at 2.89 billion tokens—a divergence that suggests long-term holder conviction remains intact.

Exchange data reveals a telling pattern: while prices consolidated after a four-day rally, exchange inventories showed no meaningful outflow. Such stability during price declines often precedes accumulation phases, contrasting sharply with panic sell-offs that typically drain exchange wallets.