XRP Whales Are Making a Bigger Mark on Binance as Outflow Gap Nears August Levels

XRP's latest whale outflow data resembles early August, when Binance's spread pulled ahead, and the token later gained roughly 46%. XRP whale activity on Binance is picking up pace, at least compared with the rest of the exchange market. CryptoQuant’s latest data revealed a sharp jump in the gap between whale and retail outflows over the past six days. Whale Activity From October 7 to 13, Binance’s seven-day average Whale vs Retail Spread rose from 53% to 63.5%. This is a 10.5-point jump. Across all centralized exchanges, the same reading increased from 46% to 47.7%, a much smaller 1.7-point rise. Binance’s increase was roughly 6.2 times larger. The spread tracks the relative difference between large and small XRP exchange outflows. A higher reading indicates that larger transfers are playing a bigger role. However, it does not confirm that whales are accumulating XRP or withdrawing more coins in absolute terms. The gap between Binance and the broader market now stands at 15.8 points. That puts it close to the 18-point difference seen on August 3. Back then, the crypto asset traded near $1.07 before climbing about 46% to $1.56. XRP is currently hovering around $1.38. CryptoPotato h...