Maartun, a CryptoQuant contributor and crypto market analyst, has revealed that Binance is the most favored exchange among XRP whales. His analysis of on-chain fund flows on the XRP Ledger (XRPL) shows that whales frequently choose Binance for XRP deposits, especially those moving over 1 million XRP. Since late 2021, XRP whales have been steadily transferring their XRP to Binance, suggesting a preference for the platform. Notably, these whales have not moved their XRP away from Binance, indicating a long-term holding strategy.

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