Whales are pulling XRP off Binance hard
Blockchain analysis platform CryptoQuant has reported that large investors are aggressively withdrawing XRP from Binance in recent days.
According to the published data, since May 3rd, a total of about 403 million XRP has been withdrawn from the Binance exchange.
Most of these transactions are sized at 1 million XRP or more, indicating that the activity mainly comes from whales or institutional investors, rather than retail traders.
Blockchain analysis platform CryptoQuant has reported that large investors are aggressively withdrawing XRP from Binance in recent days.
According to the published data, since May 3rd, a total of about 403 million XRP has been withdrawn from the Binance exchange.
Most of these transactions are sized at 1 million XRP or more, indicating that the activity mainly comes from whales or institutional investors, rather than retail traders.