Analyst says XRP average monthly whale inflows to Binance were approximately 112400000 USD, and have now declined
BIBIBI
AT A GLANCE
Analyst Darkfost said that XRP average monthly whale inflows to Binance rose to 112400000 USD, but have now declined.
Article
Analyst:XRP Whale inflows to Binance rise to approximately 110000000 USD, reaching a new 7-month high
PANews October 22 reported that analyst Darkfost wrote that recently,XRP whale activity has increased markedly, with selling pressure rising significantly at one point. Data show that, defining whales as single transactions exceeding 1000000 XRP, since August, the average monthly inflow from such addresses to Binance has increased by approximately 72000000 USD, reaching 112400000 USD, the highest level since March this year, above the average level of approximately 3 over the past 90000000 USD months. During the period, daily inflows at one point even exceeded 400000000 USD. Darkfost noted that this change coincided with XRP rebounding by more than August since 30%, suggesting that some large holders may have taken the opportunity to take profits. At present, the scale of whale inflows to exchanges has returned to more typical levels, indicating that the related selling pressure has eased...
(Click the link below to read the full article)
🔗https://www.panewslab.com/zh/articles/01a162e7-5396-7660-b32e-defc355f0c64
Key points
01
PANews on October 22 reported views published by analyst Darkfost.
02
The article defines whale transactions as individual transactions exceeding 1000000 XRP.
03
Darkfost said that since August, the average monthly inflow from such addresses to Binance has increased by approximately 72000000 USD, reaching 112400000 USD。
04
The report said this inflow was the highest level since March this year, above the average of approximately 3 over the past 90000000 USD months.
05
The report said daily inflows exceeded 400000000 USD。
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Darkfost said that this change coincided with XRP rebounding by more than August since 30%, and believes some large holders may have taken the opportunity to take profits.
07
The report said the current scale of whale inflows to exchanges has returned to more typical levels.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
So-called “whale inflows to exchanges” refer to large holders transferring a substantial amount of XRP to Binance. Darkfost believes that the increase in such inflows may be related to profit-taking; however, the article also states that the current scale of inflows has declined.
Why it matters to readers
Large-scale XRP transfers to exchanges may increase the supply available for sale; therefore, the scale of such inflows and whether they persist merit attention. However, transfers to exchanges alone cannot prove that these XRP have been sold.
Beginners should not judge price direction based solely on “whale inflows”; they may continue to observe whether inflows persist and whether actual selling and price pressure emerge.
Risks and unknowns
The content is PANews’ account of an analyst’s views; the supplied text does not show the original on-chain data, address labels, or calculation methodology.
It is not possible to confirm solely from transfers to Binance that the relevant XRP have been sold.
“Some large holders may have taken profits” is the analyst’s speculation, not a confirmed fact.
The main text is truncated at the end, so the full statement and basis regarding the easing of related selling pressure are not visible.
The headline states that the scale was approximately 110000000 USD and reached a new 7-month high, while the body states 112400000 USD and that it was the highest level since March this year; the specific statistical period needs verification.
Related Developments
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Related concepts
Whale
An individual, institution, or organization that holds a large amount of a particular cryptocurrency and may significantly influence market prices through large-volume buying or selling.
