The activity of XRP whales on Binance has reached a new record level:
- 📊 Daily depositsBetween 200 million and 6.9 billion XRP are deposited daily on Binance.
- 📈 Influence on the marketThese massive transfers have a significant impact on the XRP price.
- 📉 Price movements◈ Historically, high deposits correlate with price declines, such as in April, when the price bottomed out at 6.9 billion XRP deposits.
- 🔍 ETF hopes: Speculation about a possible XRP ETF is driving whale activity, although approval is still pending.
- 📊 Market volume: The trading volume of $XRP (-3,37 %) on spot exchanges is steadily increasing, indicating growing interest.
These developments show that XRP whales currently play a significant role in market activity and have a significant influence on the price.
💬 Your opinion is needed!
What do you think about the current movements of XRP whales? Share your assessment and discuss with the community! 💬👇
