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Bitsky000

06/19 13:28

XRP Whales Offload 30 Million Tokens as ETF Inflow

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XRP Whales Offload 30 Million Tokens as ETF Inflows Counter Sell-Off XRP whales sold over 30 million tokens during recent decline. Leveraged liquidations accelerated losses as XRP broke key support. Institutional ETF inflows continued despite growing market selling pressure. Crypto analyst Ali Martinez revealed that XRP whales sold more than 30 million tokens over the past five days, a move that coincided with the cryptocurrency’s retreat from recent highs. According to Santiment data shared by Martinez, wallets holding at least one million XRP reduced their combined holdings from 3.82 billion to 3.77 billion XRP during the period. The sell-off came as XRP struggled to maintain momentum following a strong rally that began on June 14. Improved market sentiment helped the token climb from around $1.14 to a local peak near $1.29 on June 16. However, buying momentum weakened once large holders started reducing their positions.
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