Crypto
XRP Price Rally Fails to Spark Whale Activity on Binance
The Whale-Retail Spread for XRP has remained relatively unchanged on Binance since late July, despite a 30% price increase to around $1.38.
However, the All-CEX (Centralized Exchange) spread shows a different trend, with a rise of 12.8 percentage points from 33% on July 28 to 45.8% currently.
This indicates that whale-related XRP outflows have grown much faster than retail outflows across major centralized exchanges.
The difference between Binance and the broader market has increased, with the All-CEX reading now standing 9.5 percentage points above Binance's 36.3%.