Add as a preferred source on GoogleBinance Scarcity Index for XRP Reaches a Peak Last Seen in 2022
A separate measure showed 418.5 million XRP leaving Binance on Nov. 4, but it tracks withdrawals rather than tokens available to trade.
The Binance Scarcity Index for XRP has reached a peak last seen in 2022, signaling that fewer tokens are available for trading on the exchange. Crypto commentator @ArabxChain urged traders to watch XRP price movements during the period of heightened scarcity.
A separate Nov. 4 XRP withdrawal from Binance involved 418.5 million tokens, the exchange's largest single-day outflow in roughly nine months. That count measures XRP leaving Binance, while the scarcity index concerns tokens available to trade there.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.