Large XRP holders are moving tokens to Binance at the fastest pace since March, a sign that selling pressure is building, on-chain data shows. The monthly average of whale inflows to the exchange, counting only transfers of more than 1 million XRP, has risen by $72 million since August to $112.4 million. That is well above the roughly $90 million average seen over the past three months. Some individual days have recorded inflows above $400 million. The shift follows XRP’s rally of more than 30% since August, which has pushed the biggest holders to lock in gains. Rising exchange deposits from whales usually come before sales, which could limit XRP’s upside until the selling slows.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Although Bitcoin (BTC) has been trapped in a correction mode over the past six weeks,…
Israel Discount Bank, a $150 billion bank, has become the first in the country to…
Even though Nvidia Corp. (NASDAQ: NVDA) stock has capitulated by more than 27% over the…
Bitcoin has fallen to its lowest level since August 20, and fear is back across…
Some of the biggest names in the XRP world now have the green light to…
David Schwartz, Ripple’s former chief technology officer, says he has not bought XRP in a…
