XRP Whale Activity Intensifies on Binance as Retail Share Declines
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Crypto data shows on Binance whale XRP outflows climbed to 81% while retail participation fell to 18%, and whale dominance across CEXs is 72%, about 9% lower than Binance. XRP volatility dropped to 0.34, a three-month low after June's sharp swings, and price remains near multi-month lows, highlighting concentration risk, reduced retail activity and lower liquidity that may pressure price and adoption.
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- Binance whale XRP outflows climbed to 81% as retail participation dropped to 18%.
- Whale dominance across CEXs stood at 72%, about 9% lower than Binance.
- XRP volatility drops to 0.34, marking a three-month low after June’s sharp swings
Large XRP holders have taken control of withdrawal activity on Binance, with new data showing that whale-sized transfers account for a larger share of exchange outflows than those made by smaller investors.
The data records a shift in the pattern of XRP movements on the exchange, even as the token’s price remains near multi-month lows and market volatility continues to ease. At the same time, data from centralized exchanges as a whole show a different record, indicating that Binance is experiencing a different activity pattern compared with the broader market.
XRP Whales Dominate Binance XRP Outflows
According to CryptoQua…
Read The Full Article XRP Whale Activity Intensifies on Binance as Retail Share Declines On Coin Edition.
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