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XRP exchange outflows top 7 billion in February as whales and retail accumulate

XRP circulating supply on exchanges is shrinking and long-term holding is strengthening, an analysis showed. More than 7 billion XRP left trading platforms in February, even as prices stayed weak, with on-chain data pointing to increased accumulation. Binance accounted for over 3.3 billion XRP of the outflows. Retail wallets holding 1,000 to 100,000 XRP hit a record 1.1 million. Some questioned the completeness of exchange balance data.