XRP whale inflows to Binance reach monthly average of $112.4 million
Photo: The Currency Analytics
XRP has experienced a significant price drawdown from $1.65 to $1.29, driven by steady selling pressure from large holders. Crypto analyst Darkfost noted that whale inflows to Binance have accelerated in recent weeks, with the monthly average increasing from $72 million in August to $112.4 million. These figures represent the highest levels recorded since March, indicating a resurgence in large-scale token movements to exchanges. The increase in whale inflows, defined as transactions exceeding 1 million tokens, has coincided with XRP’s 13.4% decline in October.
Source: The Currency Analytics
