$XRP The activity of XRP whales surges after billions of dollars in deposits at Binance

XRP whales are depositing their assets at Binance in a massive pattern, from 0.2 billion to 6.9 billion tokens per day. The exchange is currently the industry leader in XRP deposits.

Some analysts have hypothesized that the growing optimism about XRP ETFs is helping to drive these trends. Even if full approval may be months away, the progress still has impacts on the XRP market.

XRP whales are heading to Binance

The crypto community is very optimistic about an XRP ETF, which has been driving bullish behavior. New data suggests a useful barometer to measure market dynamics: the activity of XRP whales on Binance.