Update
Whales Accumulate XRP Tokens as Binance Inflows Spark Speculation
XRP traders have faced a significant decline, with prices dropping 18% in four days. Despite the weakness, large holders continued accumulating XRP tokens. Whale activity was observed during a period of declining XRP prices, with 16.46 million tokens accumulated over five days. Concurrently, a substantial inflow of 691 million XRP, valued at $900 million, was recorded at Binance, marking the largest single-day inflow since 2024. This combination of whale accumulation and Binance inflows has sparked debate in the market, with traders weighing the potential for support against concerns about rising selling pressure.