XRP Whale Inflows to Binance Hit Seven-Month High at $112.4 Million

XRP whales sent $112.4 million to Binance, the highest inflow in seven months, signaling rising selling pressure from large holders, defined as transactions exceeding 1 million XRP. This surge coincided with XRP's rebound of over 30% since August, suggesting large holders may have locked in profits. While monthly average inflows rose by about $72 million, recent data indicates inflows are returning to more normal levels, suggesting the heaviest selling pressure may have eased. Currently, XRP trades near $1.33, with a 24-hour range between $1.32 and $1.40, and a market cap near $84 billion.