Cryptoquant contributor Arab Chain reported that Binance’s XRP Scarcity Index reached about 2.1 in a Nov. 5 analysis, its highest reading since 2022. The index measures relative XRP availability for trading on Binance, but the analysis said any price effect depended on demand, buying activity and liquidity.
In a separate measure, Cryptoquant contributor Amr Taha put Binance’s total XRP reserves at 2.63 billion on Nov. 5, up 280 million from Nov. 3. Total holdings do not measure the same thing as the scarcity index, and trading availability also depends on order-book depth and spreads.
