XRP Whale Deposits to Binance Just Hit a 2-Month Low: What's Going On?

XRP Whale Deposits to Binance Just Hit a 2-Month Low: What's Going On?

XRP whale deposits just fell to a two-month low, which should mean calmer waters ahead, but the price action this week tells a story that the whale data alone cannot explain.

XRP Whale Inflows to Binance Hit Two-Month Low as Selling Eases

XRP whale inflows to Binance fell to a two-month low, pointing to weaker selling by large holders. Short sellers absorbed nearly all liquidations as XRP’s rally forced many bearish traders to exit positions. Strong XRP futures activity across major exchanges showed broad market participation during the recent rally. XRP whale inflows to Binance have dropped to their lowest level in about two months, a sign that some of the token’s largest holder…

XRP Whales Shrink Supply on Binance as Price Reclaims $1.13

XRP's biggest holders are barely sending tokens back to exchanges as Binance inflows appear to be drying up while sentiment flips bullish.