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Whales sold over 30 million XRP tokens, increasing selling pressure and driving price reversal.

Wallets holding at least 1 million XRP have sold more than 30 million tokens over the past five days, driving a price reversal for the cryptocurrency often called the "North Star" of the Ripple ecosystem. The large-scale exodus of these so-called whales has brought significant selling pressure to the market. The redistribution of holdings by millionaire wallets is identified as the main driver behind the recent downturn.
XRPWhales sold over 30 million XRP tokens, increasing selling pressure and driving price reversal.