Українська
Русский
English
Whales Sell 70 Million XRP in 48 Hours, Price Hits New Weekly High
Crypto whales holding between 100,000 and 10 million XRP have sold roughly 70 million XRP over the past 48 hours, according to market analyst Ali Martinez, citing data from Santiment.
Charts show that large investors who unloaded 70 million XRP in recent days have been gradually reducing their balances since mid-September, supporting the view that the recent sell-off is part of a broader, sustained downtrend in whale accumulation.
The October 23 sell-off followed a brief accumulation phase earlier in the week. On October 21, Martinez reported that whales had accumulated 30 million XRP within 24 hours, suggesting a “buy-the-dip” strategy. However, the same group of investors dumped more than twice that amount just two days later.
These sales came after two even larger transactions earlier this month. On October 8, whales sold 440 million XRP over 30 days, and by October 14, they had withdrawn an additional 2.23 billion XRP since the previous Friday.
Interestingly, despite these large-scale sell-offs, XRP’s price has risen — gaining over 7.5% in the past week to reach $2.53, marking a new weekly high.
See also: "SpaceX Moves Another $134 Million in Bitcoin to New Wallets"
