Reported 2 days ago
According to CryptoQuant's Head of Research Julio Moreno, XRP's price may experience short-term pressure as large holders, or 'whales', are moving their funds to exchanges at an increasing rate. This uptick in whale inflows, which surged to a 30-day average of $260 million, suggests that these major investors might begin selling their assets. Moreno notes that similar patterns have previously influenced market prices, highlighting the significant role whale activity plays in shaping XRP's price trends.
Source: YAHOO