Analysis: XRP whales sell off heavily, with the recent daily volume exceeding $120 million
On March 3rd, according to crypto analyst Miles Deutscher's post on X platform, XRP whales are selling tokens at record levels. Since November 2024, when the price rose by over 500%, large holders have been actively selling, indicating a phase of heavy distribution for XRP. Based on the Crypto Quant data in the accompanying image, the 90-day average line for XRP shows that recently, XRP whales have been selling off at volumes as high as $120 million to $180 million in a single day.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Space Recap: Velodrome and King Come to Swellchain
Chatting Swellchain, Velodrome, and KING opportunities with Tao Watts and Joe Bjornsen.
Fidelity: Bitcoin Still in Acceleration Phase, Dramatic Rally Incoming
Nonco Launches FX Onchain Initiative on Avalanche, Aiming to Bridge Institutional FX Liquidity With Stablecoins
Ethereum Price Stalls as Lightchain AI Presale Approaches Completion
Trending news
MoreCrypto prices
More
