Institutions boost XRP buying as $3.75 billion leaves Binance after crisis

Financial analyst Levi has pointed to a quiet but significant increase in institutional investment in XRP, even as recent market volatility and major withdrawals from Binance dominate retail sentiment. According to Levi, while everyday traders remain focused on short-term price swings and concerns about exchange security, large investors are gradually building positions in XRP and its related infrastructure. Levi described the period following the cryptocurrency market’s downturn in October as especially challenging for traders. He referenced a security incident at Binance, reportedly involving $6.3 billion, which prompted the exchange to restrict client withdrawals for two days.

Source: CoinTurk News