XRP Whales Accumulate 550 Million Tokens While Smaller Traders Sell
Wednesday, 10 July 2024, 09:26
XRP Whales Accumulate 550 Million Tokens
XRP whales have been actively accumulating tokens, with a total of 550 million XRP bought in just two weeks. This significant increase in holdings indicates a bullish sentiment among large investors.
Retail Investors Sell Off
Conversely, smaller retail addresses have been observed selling their XRP holdings during the same period. This trend suggests a contrasting sentiment between major players and individual traders.
- Speculation of Retail Shakeout: The disparity in accumulation and selling behavior has led to speculation of a potential shakeout among retail investors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.