$150 Million In XRP Exits Largest Crypto Exchange Binance In 24 Hours
More than $151 million worth of XRP was withdrawn from Binance on June 11, according to on-chain data from CryptoQuant.
This dramatic jump in outflows follows a much smaller $23 million recorded the previous day, hinting at a sudden and strategic move by XRP holders.
Such a rise in exchange outflows is usually an indication of increasing confidence in the digital asset. When huge quantities of a token are withdrawn from exchanges, it is a sign that those holding it are not looking to sell at that time.
Rather, it is possible that they are accumulating their XRP in cold wallets, which is sometimes a precursor to holding for long periods. What stands…
