Add as a preferred source on GoogleBinance XRP Deposit Share Hits Highest Since October 2024
Deposits made up 59.5% of Binance’s seven-day XRP transaction mix on Nov. 8. A separate market reading showed a negative 4.33 million XRP cumulative volume delta near $1.10.
Binance’s seven-day XRP (XRP) deposit transaction share reached 59.5% on Nov. 8, its highest level since October 2024. Withdrawals accounted for 40.4% of transactions.
The percentages count transactions, not the amount or value of XRP transferred. Deposits alone do not establish that the tokens were sold.
A separate Binance cumulative volume delta (CVD) reading was about negative 4.33 million XRP as the token traded near $1.10. CVD measures the cumulative difference between market buy and market sell volumes. A negative reading means sell-initiated volume exceeded buy-initiated volume within the measure. The reading alone cannot show whether traders opened short positions or whether money left the XRP market.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.