- 200 million XRP offloaded by whales in 48 hours
- ETF launch fails to prevent price drop
- Whale moves trigger bearish sentiment
Just two days after the much-anticipated XRP ETF launch, major holders—commonly referred to as “whales”—have dumped a staggering 200 million XRP. This large-scale move, executed in less than 48 hours, sparked a noticeable price decline, surprising investors who had hoped the ETF debut would bring bullish momentum.
Whales typically hold large amounts of a cryptocurrency and have the power to influence market trends significantly. In this case, their sell-off outweighed the positive news of the ETF introduction, casting a shadow over investor sentiment.
Price Dips as Whale Activity Increases
Despite strong inflows into the new ETF product, the XRP market couldn’t withstand the pressure from the whale dumping. Analysts report that XRP’s price slipped nearly 5% during this 48-hour window, erasing gains made earlier in the week.
This kind of activity often raises concerns about market manipulation or insider moves. While ETFs generally signal institutional confidence and long-term growth potential, immediate price reactions can still be volatile due to whale actions.
Investor Confidence Faces a Test
The recent whale activity could test the resilience of retail and institutional investors. While some see it as a temporary dip, others worry about further sell-offs in the short term. On-chain data also suggests that more whale wallets are becoming active, hinting at potential additional movements.
Still, long-term holders remain cautiously optimistic. The ETF launch is a historic milestone for XRP, and some experts believe this price correction is just a short-term reaction to large holder behavior.
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