Fact Check: Is Binance Really Dumping XRP? The Truth Behind the Rumors
Rumors swirling around crypto circles suggest Binance might be offloading massive XRP holdings—but what's really happening?
Market Manipulation or Pure Speculation?
Whale alerts and social media buzz lit up with claims that Binance wallets moved millions of XRP tokens recently. Yet digging deeper reveals most transactions were internal shuffles or user-driven trades—not some coordinated sell-off by the exchange itself.
XRP holders panic-sold on the gossip, driving brief price dips. Classic crypto volatility—where hearsay can sometimes move markets more than fundamentals.
Binance hasn’t issued any official statement, which isn’t helping. Then again, when do exchanges ever clarify anything until the damage is done?
Remember: exchanges profit from trading volume, not from crashing their own listed assets. But in crypto, never underestimate the power of a good rumor to shake out weak hands.
So, is Binance really selling? Probably not. But in a market this speculative, perception often trumps reality—until it doesn’t.
Rumors are flying online that Binance may be offloading huge amounts of XRP. There are speculations that the exchange could also be influencing XRP’s price through wash trading, by shifting tokens between wallets at high speed to make trading activity look bigger than it really is.
How Did The Claim Start?
In a recent post on X, an account with the name Pumpius claimed that Binance may be purposely keeping pressure on XRP’s price. According to the thread, the exchange is driving the token lower to discourage retail investors, while bigger players and insiders quietly stock up at cheaper levels.
However, platforms like Arkham, Santiment, Nansen, and CryptoQuant have not observed any transactions yet to back up the rumor. At this point, it’s SAFE to say the claim has not been verified.
XRP supporters also suspected a coordinated war, saying this is part of a broader battle between exchanges, regulators, and key crypto assets. But the claim proved to be false. This was an important statement to verify because if it were true, XRP could have faced a price decline and impacted investors’ confidence in the coin.
Why Are These Rumours Spreading?
The talk of Binance dumping XRP picked up weeks after news broke that Ripple co-founder Chris Larsen moved around 50 million XRP ($175M at the time) between July 17 and July 24, with $140M going directly to exchanges. In total, Larsen has shifted about 166 million XRP in 2025, sparking fears of a possible sell-off and raising concerns about price volatility.
At the same time, XRP’s price has slipped under $3 and is now testing lower support zones. The coin began September in the $2.80–$2.73 range and is currently trading around $2.81. While XRP’s moves are closely linked to the broader crypto market rather than being driven solely by Binance, overall market sentiment also plays a big role in shaping its price direction.
Summary Table: Coinpedia’s Evidence
| Claim | Coinpedia’s Evidence & Facts |
| Binance dumping XRP |  False— no verified data found |
| Binance is manipulating XRP’s price | False— the company has not made any transactions to affect the XRP price |
| Is this a war between Binance and XRP? | False— none of the false allegations indicate a war between the entities. |
Conclusion
| Claim | Binance is dumping XRP |
| Verdict | False |
| Fact Check by Coinpedia | As Per Coinpedia’s research and review of the official source, no heavy transactions of XRP made by Binance have been found. No selling pressure on XRP. |
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