Binance XRP Outflows Hit 226 Million Tokens as Whale Activity Revives 2022-Era Levels
Photo: TheCoinrise
Large holders are reportedly pulling XRP off the exchange even as broader crypto markets slump Binance has recorded XRP outflows totaling 226 million tokens, according to a report from CryptoPotato published on November 3. The report describes whale-level withdrawal activity returning to intensities last seen in 2022, a period marked by heightened volatility across digital asset markets. Outflows of this size are typically tracked by on-chain analysts as a signal of changing investor behavior. When large amounts of a token leave a centralized exchange, it often indicates holders are moving assets into private or cold storage wallets.
Source: TheCoinrise
