The slowdown in whale activity, particularly regarding $XRP in the cryptocurrency market, may indicate potential selling pressure. Analyses based on onchain data reveal a significant decrease in the pace of asset withdrawals from exchanges by large investors recently.
According to analyst Arab Chain, who shares his findings on the crypto analytics platform CryptoQuant, the net outflow of $XRP by whales over the past 30 days has dropped to approximately 1.2 billion. This figure is the lowest recorded since February. Generally, large investors withdrawing their assets from exchanges is considered a positive signal indicating a long-term holding intention.
However, the fact that some large investors continue to hold their $XRP assets on exchanges in the current situation opens the door to a different interpretation. According to experts, this may indicate that investors are closer to selling or that their commitment to long-term holding has weakened.
The analysis also noted that this trend emerged during a period when the $XRP price was relatively low. This suggests that investors preferred a wait-and-see strategy rather than making new purchases.
Arab Chain notes that if whale outflows don’t regain momentum, the market could become more vulnerable to selling pressure. Experts emphasize that such on-chain data can influence short-term price movements, and investors should closely monitor market dynamics.
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Vietnam Trip: Exploring the Golden Bridge, Lantern Town, and Ancient Citadel with Binance Pay
Last weekend, I took a trip to Vietnam. Since Vietnamese citizens don't need a visa for Myanmar, I could just book a flight ticket and go easily. This time, I visited the famous central Vietnam destinations: Da Nang, Hoi An, and Hue. Throughout this trip, I paid for all my travel expenses with Binance Pay, which was incredibly convenient—no need to exchange money or carry cash at all. 🛫 - First Stop - The Golden Bridge in Da Nang On the first day of my trip, I arrived in Da Nang. The most famous spot in Da Nang is the Golden Bridge at Ba Na Hills. This bridge, held up by giant stone hands, is truly a masterpiece. Standing on the bridge and looking out at the surrounding mountains and forests was so refreshing and uplifting. It's an absolutely perfect spot for taking photos. When I took the cable car up to Ba Na Hills, from the ticket price to buying coffee, I paid for everything instantly with Binance Pay. All I had to do was open my Binance App and scan the VietQR code at the shops. Not having to take out cash and count bills saved me so much time and let me enjoy the trip even more. 🛫 -- Second Stop - Hoi An's Lantern-Lit Ancient Town On the second day, I continued by car to Hoi An Ancient Town, a UNESCO World Heritage site about half an hour from Da Nang. Hoi An is a beautiful little town filled with old buildings, museums, and shops. But Hoi An's most unique beauty only reveals itself at night. When night falls, the entire old town glows with colorful lanterns—it's truly a sight you shouldn't miss. When I went shopping in Hoi An and tried local dishes like "Cao lầu" noodles, I used Binance Pay again. Most shops had QR codes for payment, so it was easy and convenient. The locals seemed very accustomed to this kind of payment method too. 🛫 --- Third Stop - The Ancient Citadel of Hue On the last day of my trip, I drove from Hoi An for about 2-3 hours and arrived in Hue. Hue was the former imperial capital of Vietnam under the Nguyễn Dynasty, the last ruling family, and it's filled with historical buildings. Here, I visited the Hue Citadel and the royal tombs. Exploring the ancient architecture and palaces gave me a deeper understanding of Vietnam's history. In Hue as well, for entrance fees, food, and buying souvenirs, I paid with Binance Pay. Throughout this entire trip, I never once needed to exchange for Vietnamese Dong (VND). --- This trip was full of unforgettable memories for me. Besides enjoying the beautiful scenery and rich culture, the convenience of Binance Pay made the whole journey smoother and more enjoyable. The ability to use Vietnam's local QR payment systems like VietQR and MoMo QR by connecting them with the Binance App is truly an invaluable advantage for travelers. I'm already thinking about visiting northern Vietnam, like Hanoi and Halong Bay, on my next weekend off. If you want to travel with convenient payments and enjoy a trip full of happiness, I highly recommend visiting Vietnam. #TravelWithBinancePay
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