XRP Is Leaving Exchanges. Here's What Is Happening
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XRP's departures from Binance and Upbit, consecutive ETF entries and Evernorth's future treasury provide a favourable picture, although price and leverage still show caution.
On-chain data shows that whales accounted for 84.2% of XRP outflows from Binance. Binance and Upbit reserves together decreased by 104.7 million XRP.
CryptoQuant data shows that whale-sized transfers are increasingly gaining weight in exchange outflows. On Binance, whale outflows accounted for 84.2% of total outflows on September 29th. This rate is equal to the level seen on August 21st, while the share of individual investors has fallen to 15%. A similar trend is evident when looking at centralized cryptocurrency exchanges in general. Whales' share in outflows […] Source: Bitcoinsistemi.com
XRP Is Leaving Exchanges. Here's What Is Happening
Finance expert Levi has highlighted a sharp decline in XRP holdings among large wallets as significant amounts of XRP leave major exchanges. In a video attached to his X post, Levi focused on wallets holding between 10 million and 100 million XRP. He said these wallets added 1.6 billion XRP within two weeks, pushing their […]
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