XRP Deposits Skyrocket to Binance Amidst AlphaPepe's Anticipation

XRP deposits to Binance skyrocketed by 663% above their quarterly average in the week ending September 20, but surprisingly, the exchange's XRP reserves barely changed. This unusual phenomenon has raised questions about selling activity.

The spike in deposits was driven by a few sessions, with an average of around 21.7 million tokens deposited per day. However, this does not necessarily mean that almost none were sold, as some of these deposits may have been simply transferred to other accounts or used for trading.

Meanwhile, AlphaPepe, a cryptocurrency project, is gearing up for its launch, with four announced CEX partnerships and an unnamed fifth partner expected to be revealed soon. The project's presale has already raised over $2.8 million and has attracted more than 12,000 holders, with over 100 new ones joining daily.

AlphaSwap, a trading platform, is also live on Ethereum and BNB Chain, allowing users to inspect the interface and engage in router-based swaps, token import, and AI features. The project's team claims an ex-Shibarium developer background, which may boost investor confidence.