đ° $XRP | 6B XRP hit exchanges in 30 days: distribution or routine flow?
More than 6 billion XRP reached exchanges tracked by CryptoQuant in the 30 days to Oct. 19, the most since March, Cointelegraph reports. The same report notes large holders moving to the sidelines. One reading is that heavy exchange inflows signal holders preparing to sell; another is that inflows often reflect routine transfers and liquidity management rather than intent to exit. The data shows where tokens went, not why.
Why it matters: Exchange inflows show where tokens are moving, but they do not by themselves confirm selling intent, so the figure is best read alongside other on-chain and market data.
đŹ Do large exchange inflows tell you more about holder intent or about market plumbing?
Source: Cointelegraph https://cointelegraph.com/markets/xrp-30-day-exchange-inflows-pass-6b-tokens-as-whales-move-to-the-sidelines
#XRP #CryptoNews
More than 6 billion XRP reached exchanges tracked by CryptoQuant in the 30 days to Oct. 19, the most since March, Cointelegraph reports. The same report notes large holders moving to the sidelines. One reading is that heavy exchange inflows signal holders preparing to sell; another is that inflows often reflect routine transfers and liquidity management rather than intent to exit. The data shows where tokens went, not why.
Why it matters: Exchange inflows show where tokens are moving, but they do not by themselves confirm selling intent, so the figure is best read alongside other on-chain and market data.
đŹ Do large exchange inflows tell you more about holder intent or about market plumbing?
Source: Cointelegraph https://cointelegraph.com/markets/xrp-30-day-exchange-inflows-pass-6b-tokens-as-whales-move-to-the-sidelines
#XRP #CryptoNews