XRP whale deposits to Binance fall to lowest level since 2021, easing sell pressure

XRP whale deposits to Binance fall to lowest level since 2021, easing sell pressure XRP whale inflows to Binance have fallen to their lowest level since 2021 on a three-month average basis, a CryptoQuant contributor Darkfost analysis showed. Darkfost said current whale deposits stand at about $61 million, six to eight times lower than $456 million in January last year and $355 million in October. The drop in whale activity is a positive signal in terms of easing sell pressure, but net inflows remain positive at $18.8 million. With no clear signs of new demand yet, Darkfost said it is still too early to conclude XRP has entered a bullish trend reversal.