Binance Sees Surge in XRP Deposits as Market Witnesses Significant Asset Movement

The cryptocurrency market has seen considerable asset movement as a substantial amount of XRP coins was deposited into the leading exchange, Binance.

According to recorded data, over 31 million XRP was transferred directly to the exchange on February 21. This influx of assets is attributed largely to large investors in the market.

The capital flow primarily comes from whales holding between 100,000 and 1 million XRP and wallets owning over 1 million XRP.