Analyst: XRP whale inflows to Binance rise to about $110 million, hitting a 7-month high
23/10/2569 01:20:01
Bollcoin, October 22 — Analyst Darkfost stated that XRP whale activity has increased noticeably recently, with selling pressure rising significantly at one point. Data shows that, defining whales as single transactions exceeding 1 million XRP, the average monthly inflow from such addresses to Binance has increased by about $72 million since August, rising to $112.4 million — the highest level since March this year and above the roughly $90 million average of the past three months. During this period, single-day inflows even exceeded $400 million at one point. Darkfost noted that this change coincided with XRP rebounding more than 30% since August, suggesting some large holders may be taking profits.