Analysis "XRP Experiences Largest Withdrawal in Binance History"
Bloomingbit Newsroom
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- According to the Darkfost report, since 2023, XRP withdrawals from Binance have been rapidly increasing, with the largest historical withdrawal occurring in October.
- The report indicates that XRP investors are choosing long-term holding over cashing out, which is related to the increase in withdrawals.
- Currently, CoinMarketCap lists XRP trading at 1.06 dollars, and it ranks 6th in total market capitalization.
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CryptoQuant analyst Darkfost reported that "since 2023, Ripple (XRP) withdrawals from Binance have been consistently significant, with the largest transaction in history occurring in October, exceeding 1 million dollars.
The XRP withdrawals from the exchange are also linked to the recent price recovery," he analyzed.
He further added, "The large-scale withdrawals from the exchange indicate that XRP investors are opting for long-term holding rather than cashing out," he noted. According to CoinMarketCap, XRP is trading at 1.06 dollars, down 7.08%%, and currently ranks 6th in total market capitalization.
