XRP whales move 1.67 billion tokens to Binance in seven-month inflow high
- —Whale inflows to Binance hit 1.669 billion XRP, topping September's 1.65 billion
- —At $1.33 the transferred tokens are worth about $2.22 billion
- —Tracked exchange reserves rose 83.94 million XRP to 22.06 billion on October 12–15
- —Binance reserves alone grew 54.61 million XRP in the week to October 15
Why it matters: Heavier whale deposits raise the potential for selling pressure on XRP, though transfers alone do not confirm actual sales.
Source: Coinpaper