XRP Exchange Reserves Reach 11.81B as Whale Activity Falls

XRP exchange reserves reached 11.81 billion tokens on October 17, ranking in the 99th percentile of the past year. Binance whale outflows’ 90-day average fell to $49.7 million, its lowest level since October 2021, according to Darkfost. Binance XRP open interest dropped 15.8% to $453 million as leverage declined and average daily net inflows reached 9.3 million XRP. XRP exchange reserves climbed to 11.81 billion tokens on October 17, while whale outflows on Binance fell to a five-year low. CryptoQuant reported declining leverage alongside elevated exchange balances, as analyst Darkfost recorded a sharp drop in whale activity.

Source: Crypto Front News