Binance XRP Whale Inflows Plummet to Two-Month Low

XRP whale inflows into Binance have dropped to their lowest level in two months, according to an analysis by CryptoQuant.

The 30-day total of XRP whale inflows on Binance fell to approximately 947.4 million XRP, down from a peak of about 1.445 billion XRP late last month and a decline of 34.4% in less than a month.

This decrease suggests that whales are less willing to move large amounts of XRP to Binance than they were in late June, which may indicate weaker selling intent or slower activity among large holders.

Arab Chain, a contributor to CryptoQuant, noted that while the drop in whale inflows is not an immediate bullish or bearish signal, it does point to a clear slowdown in activity by large investors on Binance. If this trend continues and spot demand for XRP improves, it could help reduce potential selling pressure.