Binance receives 1.6 billion XRP from whale wallets as reserves edge higher

  • Whale addresses transferred about 1.6 billion XRP into Binance during the past 30 days.
  • Binance held about 2.63063 billion XRP, up 0.22% from its quarterly benchmark.
  • Arab Chain said exchange flow data do not determine whether XRP was bought or sold.

Whale addresses transferred about 1.6 billion XRP to Binance over the past 30 days, marking the exchange's highest inflow level since March, according to CryptoQuant contributor Arab Chain. Binance held about 2.63063 billion XRP, up 0.22% from its quarterly benchmark and 0.34% from a week earlier, indicating that large deposits were largely matched by withdrawals or internal transfers. Arab Chain said deposit and withdrawal data alone cannot establish whether the movements represented net buying or selling. XRP traded around $1.53 after rising 8% over the past week and recovering 53% from a sub-$1 local low in mid-August. Large holders had separately accumulated about 1.54 billion XRP over roughly 96 hours, while spot XRP ETFs logged 10 consecutive weeks of net inflows, taking cumulative inflows above $1.72 billion.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.