The post Fact Check: Is Binance Really Selling Off XRP? appeared first on Coinpedia Fintech News
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. |
