XRP Whale Inflows to Binance Reach Six-Month High Amid Market Speculation

XRP whale inflows to Binance have reached their highest level in six months, with approximately 1.6 billion XRP transferred over a 30-day period.

This significant increase has sparked attention on potential selling pressure, as deposited tokens can be more easily traded into the market. However, according to CryptoQuant analyst Arab Chain, the data alone does not confirm a major sell-off.

The cumulative inflow of XRP whale transfers has reversed its decline from July and August, when it reached a low of around 700 million XRP. The sharp recovery is attributed to Binance's daily XRP transfer reaching nearly 300 million tokens.