XRP Sell-Off Driven By Liquidations, Not Whale Dumping: On-Chain Data

XRP’s recent pullback may have more to do with leverage flushes and broader market weakness than a coordinated exit by large holders, according to CryptoQuant contributor Pelin Ay. The analyst pointed to declining XRP inflows into Binance, particularly among million-token transfers, as evidence that whale selling pressure has not intensified during the drawdown.
Ay shared a CryptoQuant chart tracking XRP Ledger exchange inflows to Binance by value band, alongside XRP’s price in dolla