Binance XRP Whale Deposits Plummet to Lowest Level Since 2021

XRP whale investors may be accumulating the token as deposits to Binance have fallen to their lowest level since 2021.

According to CryptoQuant contributor Darkfost, the three-month average of XRP inflows from whale investors to Binance had dropped to $61 million, a significant decline compared to last year when XRP whale inflows exceeded $450 million.

This slowdown is a sign that potential selling pressure may be easing, but it does not necessarily confirm whether whales are actually selling or where prices may head next, as noted by Darkfost.