According to CoinMeta, on November 4th, a total of 418.5 million XRP tokens flowed out of Binance, worth approximately $540 million, exceeding the 315 million tokens that flowed out on October 29th during the hack incident, which amounted to the largest single-day outflow in nearly 9 months. This outflow occurred as XRP rebounded above $1.30 after a 27% correction from its high in late September. Crypto analyst Darkfost stated that the large amount of XRP leaving the exchange would reduce the supply of tokens available for immediate sale in the market, and some of the outflow may also be due to internal fund transfers within the exchange.