Whales have been transferring large amounts of XRP to Binance, leading to a surge in interaction with the cryptocurrency. This activity coincides with XRP's price increase of over 300% in the past month. While some speculate that this indicates growing interest among whales, others believe it could be a strategic move to sell off XRP following its recent high. Binance itself is one of the largest holders of XRP. Historical data suggests that a spike in XRP exchange inflows often precedes a significant price correction. However, the current bullish momentum in the XRP ecosystem may help counteract this potential trend. The XRP price is currently trading at $2.3366, up 5% in the past 24 hours.
- Content Editor ( thecryptobasic.com )
- 2024-12-11
XRP Inflows to Binance Surge to 6-Month High as Whale Activity Spikes