XRP whale activity on Binance has surged to 63.5% of transfers, with outflow gaps approaching August highs, while institutional ETF interest remains muted.
Macro & Markets ·
Large XRP transfers on Binance have grown more pronounced, with the ratio of whale to retail activity rising to 63.5% from 53%, signaling a shift toward bigger movers within the exchange. The spread between whale outflows on Binance and broader market activity has widened to 15.8 points, approaching levels observed in early August when XRP saw a notable price movement. That earlier period offers a potential template for how such concentration might influence price action.
Meanwhile, institutional appetite for XRP remains subdued. US-listed spot XRP exchange-traded funds recorded zero net flows on three consecutive days, and October inflows have remained muted overall, suggesting that professional asset managers have not rushed into XRP despite the whale activity uptick on Binance. The divergence between large traders mobilizing capital and institutions holding back leaves open which force—if either—will ultimately drive the next directional move.