XRP Whales Sell Over 30 Million Tokens in Five Days

U.Today··Read original
3▲0 ▼1Impact / 5
Summary · why it matters

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.

Impact on assets 1

Others▼ · 1 stocks
XRP
XRP-USD
▼ NegativeSupplyrelevance

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