XRP Binance Inflows Fall to Record Low as Exchange Activity Slows
- Binance XRP inflows reached their lowest level in CryptoQuant’s historical data.
- Average monthly XRP deposits fell to nearly 3.6 million tokens.
- Binance XRP reserves declined toward the 2.6 billion token level.
XRP deposits into Binance have fallen to the lowest level shown in CryptoQuant’s historical data. The decline points to reduced token movement toward the world’s largest cryptocurrency exchange by trading volume.
According to CryptoQuant’s 30-day data, the monthly average XRP deposit on Binance has seen almost 3.6 million tokens flowing in, which also stands as the lowest reading over the timeframe.
Recent data shows fewer tokens moving from external wallets into Binance. Holders often make such transfers before selling, trading, or reallocating their assets.
XRP has also traded near the $1 level after falling from earlier highs above $3. Howeve…
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