Binance XRP Inflows Plummet to Yearly Low Amid Accumulation

Binance, one of the largest cryptocurrency exchanges in the world, has experienced a dramatic reduction in XRP deposits over the past month.

According to an analysis by Cheeky Crypto, Binance's exchange inflows have fallen to an extreme yearly low, leaving centralized exchange order books vulnerable to a liquidity squeeze if buying demand rises unexpectedly.

The commentator points out that only 215 million XRP were deposited onto Binance during May, which is an extraordinary anomaly for one of the world's largest exchanges. This trend suggests that investors are choosing not to sell their assets but are instead moving them into private wallets and cold storage.