Analysis: XRP whales sell off massively, recent single-day dumping volume exceeds 120 million US dollars
Odaily Planet Daily reports that according to crypto analyst Miles Deutscher, who posted on the X platform, XRP's major holders are selling tokens at a record level. Since November 2024 when the price rose by more than 500%, large position holders have been actively selling. It seems that XRP is in a stage of mass distribution. According to the Crypto Quant data in his accompanying image, the 90-day moving average for XRP shows that recent single-day trading volumes from major XRP holders have reached around $120 million - $180 million.
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.
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