Binance XRP Inflows Surge 663%, Reserves Remain Stable

XRP inflows on Binance have surged by an impressive 663% in the week ending September 20, reaching an average of 21.7 million tokens per day.

This significant increase indicates that these deposits represent 7.63 times their reference level, estimated at nearly 2.85 million XRP per day.

However, Binance's reserves remain almost stable, with only a 0.34% increase over the past week, standing at nearly 2.63 billion XRP.

The majority of transferred tokens are being withdrawn or exchanged after arriving on the exchange, rather than accumulating in Binance wallets.