Ripple Moves 99.86 Million XRP to Binance, Fueling Sell-Pressure Concerns

Ripple moved 99.86 million XRP, worth about $150 million, to Binance on 7 October, fueling sell-pressure concerns. XRP futures open interest fell over 6% to $3.38 billion, signaling reduced trader conviction. The large exchange transfer often precedes selling, and the drop in open interest suggests cautious positioning among derivatives traders.