XRP Whale Inflows to Binance Average $112.4 Million a Month
Photo: TokenPost
XRP whale inflows to Binance averaged $112.4 million per month, the highest level since March, as XRP gained more than 30% since August. Under a whale definition based on single transactions exceeding 1 million XRP, the monthly average rose about $72 million since August. The $112.4 million monthly average was above the roughly $90 million average for the previous three months. Daily inflows exceeded $400 million on some days. The timing may indicate that some large holders used the rebound to take profits. Inflows have since returned to more typical levels, indicating that related selling pressure has eased.
Also reported by Coinotag, CoinTurk News.
Source: TokenPost
