Markets· ★★★· bullish·

XRP Whales Pull Coins Off Exchanges as Whale Share of Binance Outflows Hits 84.2%

  • —Whale share of XRP outflows from Binance rose to 84.2% on Sept. 29
  • —Retail investors' share of outflows fell to 15%
  • —Binance XRP reserves fell by 73.1 million tokens between Sept. 26 and Oct. 4
  • —Upbit reserves declined by 31.6 million XRP from Sept. 11 to Oct. 5
Why it matters: Shrinking exchange reserves alongside whale-dominated outflows could reduce sell pressure on XRP and support its price.
#XRP
Source: Bitcoin Sistemi
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