Crypto whales are getting rid of their shares, according to analyst Maartunn's analysis XRP ( XRP ) at a record pace.
Maarntunn publishes chart showing fat cats have stopped building up reserves XRP back in December 2024, and they started selling a lot more coins in February. The expert noted that the speed at which the reserves are running out XRP in the whales' wallets, has reached its maximum level, and sometimes it exceeds 180 million XRP per day at a cost of $414 million at the current exchange rate.
Inflow and outflow XRP from whales crypto wallets
At the same time as this trend, employees of the research company CryptoQuant recorded an increase in the number XRP on the balance sheet of the largest crypto exchange by trading volume Binance In early March, digital asset holdings on the platform jumped 6,6% to $2,9 billion. XRP in the amount of $6,7 billion. In this regard, it can be assumed that whales are sending tokens to exchanges for subsequent sale, wanting to secure profits.
Considering the behavior of the fat cats, which provoked the rate dump XRP , a market analyst under the pseudonym Dom predicts a continuation of the bearish trend, due to which the coin will fall in price to $2,2 in the near future. After the price XRP plummeted 27% after the end of the Trump pump, the cryptocurrency's value corrected to $2,3, but judging by Dom's statement, the downward trend will soon resume, as a result of which the rate XRP will drop to $2,2 or even lower.
Probable exchange rate change XRP
