XRP Sell-Off Driven By Liquidations, Not Whale Dumping: On-Chain Data
XRP’s recent pullback may have more to do with leverage flushes and broader market weakness than a coordinated exit by large holders, according to CryptoQuant contributor Pelin Ay. The analyst pointed to declining XRP inflows into Binance, particularly among million-token transfers, as evidence that whale selling pressure has not intensified during the drawdown. Ay shared a CryptoQuant chart tracking XRP Ledger exchange inflows to Binance by value band, alongside XRP’s price in dollar terms. The dataset separates inflows into bands ranging from less than 1,000 XRP to more than 1 million XRP, allowing analysts to distinguish between smaller exchange deposits and transfers more likely associated with whales or institutional-scale wallets. Related Reading: XRP Just Printed A Rare Binance Signal As Market Volatility Accelerates XRP Whale Selling Pressure Eases As Binance Inflows Drop According to Ay, the largest transfer cohort has historically played an important role in Binance inflow ac