XRP Large-Scale Inflow to Binance Hits Six-Month High

XRP's 30-day cumulative inflow to Binance has been recorded at around 160 million tokens, reaching the highest level in six months. CryptoPotato reported that this inflow amount is the highest since March, citing CryptoQuant data. The movement of assets to exchanges could be utilized for trading or selling, raising potential sell pressure concerns. However, it remains difficult to assess actual selling behavior or market impact based solely on this inflow.