XRP Supply Shock? Billions Leave Binance But Price Struggles
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Billions of dollars in XRP have quietly moved off Binance over the past year. This large shift in supply is drawing attention across the crypto market. On-chain data suggests some patterns may be repeating, while price pressure continues to weigh on XRP.
XRP Supply Drops 45% on Binance
Binance’s XRP reserves have fallen by nearly 45% in just 12 months. According to analyst Niels, the holdings dropped from $10.16 billion to $5.55 billion. That change reflects a massive transfer of XRP out of the exchange and into private wallets.
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XRP Supply Shock? Billions Leave Binance But Price Struggles
Share:
Billions of dollars in XRP have quietly moved off Binance over the past year. This large shift in supply is drawing attention across the crypto market. On-chain data suggests some patterns may be repeating, while price pressure continues to weigh on XRP.
XRP Supply Drops 45% on Binance
Binance’s XRP reserves have fallen by nearly 45% in just 12 months. According to analyst Niels, the holdings dropped from $10.16 billion to $5.55 billion. That change reflects a massive transfer of XRP out of the exchange and into private wallets.
Read More
Ripple Bulls Reveal Bold Price Predictions as XRP Surges to Weekly Highs