XRP Whale Withdrawals Hit Five-Year Low, Signaling Diminished Interest
Recent on-chain data reveals that XRP transfers to large wallets from Binance have dropped to their lowest levels in five years. According to figures released by on-chain analyst Darkfost on October 20, the 90-day moving average of XRP’s dollar-denominated value transferred to whale wallets plummeted to approximately $49.7 million. This significant decline is the lowest since October 2021 and suggests a waning interest among major investors in XRP.