XRP Exchange Inflows Exceed 6 Billion Tokens Over 30 Days as Large Holders Reduce Activity
(1 hour ago) · 1 source · Summarized by CryptoBipto
Over the past 30 days, more than 6 billion XRP tokens have flowed into cryptocurrency exchanges. At the same time, large holders, often called whales, have reportedly reduced their trading activity and moved to the sidelines.
WHY IT MATTERS
When people send cryptocurrency to an exchange, it is a bit like moving items from your home to a store — it suggests they might be preparing to sell, but it does not guarantee it. In this case, a large amount of XRP has been moved to exchanges. Meanwhile, 'whales' — a term for people or organizations that hold very large amounts of a cryptocurrency — have reportedly become less active. For beginners, this is a good example of how on-chain data (information visible on the blockchain) is used to try to understand what market participants might be doing, even though the data itself does not tell us their intentions.
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- cointelegraph.com
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