🚨 $XRP: 1.67B tokens flowed into Binance in 30 days. The whale is moving pieces around
CryptoQuant data (Arab Chain): the highest inflows in 7 months, worth around $2.2B, and September’s record (1.65B) was just surpassed by 19M. Between Oct. 12 and 15, exchange reserves grew by 84M tokens — Binance accounted for 54M in the past week.
The honest fine print: depositing does NOT mean selling — the analyst himself says this is renewed activity from large holders, not coordinated selling. But with 1.67B tokens moving around right next to the market, XRP got nervous and slipped toward $1.30.
What’s left: if reserves keep rising and the price can’t absorb the tokens, pressure will build. If the whale is just moving tokens between wallets, the rebound should come quickly. The difference will be clear — it’s playing out this week.
Is the whale selling or just moving things around? 👀
#EDEN #CryptoTrading #BinanceSquare #Altcoins #Trading
CryptoQuant data (Arab Chain): the highest inflows in 7 months, worth around $2.2B, and September’s record (1.65B) was just surpassed by 19M. Between Oct. 12 and 15, exchange reserves grew by 84M tokens — Binance accounted for 54M in the past week.
The honest fine print: depositing does NOT mean selling — the analyst himself says this is renewed activity from large holders, not coordinated selling. But with 1.67B tokens moving around right next to the market, XRP got nervous and slipped toward $1.30.
What’s left: if reserves keep rising and the price can’t absorb the tokens, pressure will build. If the whale is just moving tokens between wallets, the rebound should come quickly. The difference will be clear — it’s playing out this week.
Is the whale selling or just moving things around? 👀
#EDEN #CryptoTrading #BinanceSquare #Altcoins #Trading