Whales Liquidate 440 Million XRP Amid ETF Launch Uncertainty
- Whales holding between 1 million and 10 million XRP sold a total of 440 million XRP in the last month.
- These sales are valued at over $1.3 billion, reflecting ongoing negative sentiment among large holders.
- XRP’s price fell below $2.85, currently trading at $2.82, with a daily high of $2.92.
- Six spot XRP ETF decisions are expected between October 18 and October 25, with delays from the SEC contributing to market uncertainty.
- Trading volume decreased by 36% in the past day, indicating a bearish trend among traders.
The recent sell-off by whales is attributed to profit booking and concerns over delayed ETF approvals, which have led to increased market volatility for XRP holders.
With whales liquidating significant amounts, including 440 million XRP, the pressure on prices remains evident as traders await upcoming ETF decisions for potential recovery.(Source)
