XRP scarcity index 2.1…Binance holdings up 11.9% in two days
Original headlineXRP 희소성 지수 2.1…바이낸스 보유량 이틀 새 11.9% 늘어
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Binance’s XRP scarcity index rose to about 2.1, its highest level since 2022, after remaining negative through September and into October, according to CryptoQuant. Separately, Binance’s XRP holdings increased by 280 million tokens over two days, a 11.9% rise. CryptoQuant interprets the index gain as a sign that the relative supply of XRP available for trading on Binance has tightened, though the index is distinct from total exchange holdings. The divergence between rising scarcity and growing balances is the key point to watch, as it may indicate whether the supply squeeze persists or is offset by deposits.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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XRP (XRP), Binance, CryptoQuant
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