XRP Whales Flood Binance: 2.66 Billion Tokens Move Amid Price Fluctuations
According to CryptoQuant, XRP whales are transferring large volumes of XRP to Binance. This surge in exchange flow on Binance marks a six-month high in XRP deposits.
This coincides with the price of XRP falling below $2. In the past 30 days, XRP whales have moved over 2.66 billion XRP tokens to Binance. This is the highest inflow since April 2024, surpassing the previous record of 2.8 billion XRP.
Considering that whales have moved 2.4 billion XRP tokens to the platform by the end of 2022. As tracked by CryptoQuant, this influx suggests that whales may be preparing for a sell-off or looking to benefit from the liquidity of major exchanges such as Binance.
