Binance XRP whale withdrawal share rises 6 times faster than across CEXs

Binance has seen the share of XRP withdrawals by whales rise about six times faster than across centralized exchanges overall, The Crypto Basic reported, citing its analysis. The seven-day average of the "whale-retail investor spread," a measure of the relative withdrawal share of whales versus retail investors, climbed 10.5 percentage points to 63.5% on Oct. 13 from 53% over the previous seven days. Over the same period, the comparable reading for centralized exchanges overall rose just 1.7 percentage points to 47.7% from 46%.