On June 11, over $151 million worth of XRP was withdrawn from Binance, highlighting increased whale activity. This contrasts sharply with the previous day’s withdrawals of only $23 million, indicating a notable shift in strategy among XRP holders.
Despite the significant outflows, XRP’s market price remained stable at approximately $2.31. Such stability amidst large withdrawals suggests that experienced traders may be quietly accumulating XRP, as they often move tokens to private storage in anticipation of price movement.
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