Add as a preferred source on GoogleXRP Whale Inflows to Binance Average $112.4 Million a Month
The monthly average is the highest since March, about $72 million above August and higher than the roughly $90 million average for the previous three months.
XRP whale inflows to Binance averaged $112.4 million per month, the highest level since March, as XRP gained more than 30% since August.
Under a whale definition based on single transactions exceeding 1 million XRP, the monthly average rose about $72 million since August. The $112.4 million monthly average was above the roughly $90 million average for the previous three months.
Daily inflows exceeded $400 million on some days. The timing may indicate that some large holders used the rebound to take profits.
Inflows have since returned to more typical levels, indicating that related selling pressure has eased.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.