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According to CryptoQuant data, the cumulative amount of XRP deposited to Binance by whales over the past 30 days rose to about 1.669 billion XRP, the highest level in seven months. That was above roughly 1.65 billion XRP in September and suggests large holders have become more active again in moving XRP onto the exchange, BlockBeats reported.
While higher exchange inflows can add to selling pressure, the transfers could also reflect wallet rebalancing or moves to use other trading services, meaning the activity cannot be definitively treated as a sell signal.