[Analysis] "XRP maintains stable price despite whale deposits"

An analysis found that despite large whale deposits of XRP to Binance, the price showed a stable trend.

On the 15th (Korean time), an ArabChain CryptoQuant contributor wrote in a report that "a large amount of whales' XRP flowed into Binance," but analyzed that "the volume did not all act as selling pressure."

According to the report, since last June most of the inflows to Binance came from whales' wallets. The contributor explained, "During the second half of the year, large deposits to Binance occurred from wallets holding more than 1,000,000 XRP, while small investors holding 100,000 XRP or less were almost inactive."

In particular, despite the whales' large deposits, the price remained stable without major fluctuations. The contributor assessed XRP's price rise by saying, "This means the whales' deposits did not immediately lead to selling, and it is possible that strong demand absorbed the liquidity provided by the whales." He added, "There may have been internal transfers during portfolio rebalancing, and there may have been no direct selling pressure on the spot market."