XRP Whale Activity Intensifies on Binance as Retail Share Declines
- Binance whale XRP outflows climbed to 81% as retail participation dropped to 18%.
- Whale dominance across CEXs stood at 72%, about 9% lower than Binance.
- XRP volatility drops to 0.34, marking a three-month low after June’s sharp swings
Large XRP holders have taken control of withdrawal activity on Binance, with new data showing that whale-sized transfers account for a larger share of exchange outflows than those made by smaller investors.
The data records a shift in the pattern of XRP movements on the exchange, even as the token’s price remains near multi-month lows and market volatility continues to ease. At the same time, data from centralized exchanges as a whole show a different record, indicating that Binance is experiencing a different activity pattern compared with the broader market.
XRP Whales Dominate Binance XRP Outflows
According to CryptoQua…
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