XRP whales have transferred 2.66 billion tokens to Binance in the last 30 days, reaching a six-month high.
According to data provided by CryptoQuant analyst Maartunn, XRP whale transfers to Binance have reached their highest level in the last six months.
Over 2.66 billion XRP was transferred to Binance over the past 30 days, representing the highest volume of XRP deposited by whales into the exchange since April 2024.
These large inflows revealed that XRP whales were actively transferring XRP across the network and were interacting heavily with Binance.
Maartunn noted that such whale movements can often signal a potential change in strategy, as whales can make transactions that can have an impact on the market with the large amount of assets they hold.
Experts emphasize that whale movements should be monitored carefully, as these transactions provide important clues that can affect both XRP price dynamics and market trends.
This intense XRP flow to Binance is being followed closely by investors. It is thought that this move by whales could lead to short-term fluctuations in the XRP price.
Stay tuned.