XRP Whales Flood Binance with Record $1.6 Billion Inflow

XRP whales are on a roll as they move significant amounts of XRP to Binance. According to CryptoQuant, over the past 30 days, an estimated 1.6 billion XRP has been transferred to the exchange, marking the highest inflow since March this year.

This surge in whale activity follows a consistent decline in transfer volume from large wallets to Binance observed in previous months. The indicator had been recovering since August but gained momentum in recent weeks.

The increased inflows may boost short-term market supply, but it's not necessarily a sign of whales planning to sell. They may be trading, managing liquidity, or repositioning their holdings between wallets and the exchange.