Analyst: XRP whale inflows to Binance have increased to approximately 110 million USD, reaching a new high in 7 months

Analyst Darkfost stated that recently, the activity of XRP whales has significantly increased, and selling pressure has notably risen. Data shows that, based on the definition of whales as addresses with single transactions exceeding 1 million XRP, the monthly inflow amount to Binance from such addresses has increased by approximately $72 million since August, reaching $112.4 million, the highest level since March of this year, surpassing the average of about $90 million over the past three months.

During this period, the daily inflow amount even exceeded $400 million at one point. Darkfost pointed out that this change coincided with XRP rebounding over 30% since August, indicating that some large holders may be taking the opportunity to realize profits. Currently, the scale of whale inflows to exchanges has returned to more typical levels, showing that the related selling pressure has eased. However, subsequent trends may still change rapidly with fluctuations in XRP prices, and the flow of whale funds remains a market indicator worth monitoring.