The XRP market witnessed a striking realignment among its largest stakeholders, with on-chain data revealing millionaire-tier wallets offloading approximately 40 million XRP in a single 24-hour window, equating to over $120 million at current valuations. These wallets—typically holding between 10 million and 100 million XRP—are closely followed as proxies for institutional sentiment and significant market movers.
According to recent blockchain analytics, holders in this range collectively reduced their balances from 7.78 billion to 7.74 billion XRP, signaling a robust phase of asset rotation at the very top of the XRP food chain. Notably, this redistribution comes as the token’s price held firm near $3.02, demonstrating a remarkable resilience rarely observed during such concentrated selling pressure.
Source:X@ali_charts
This large-scale outflow diverges from typical market behavior, where precipitous whale liquidations often introduce excessive volatility and downward pressure. Instead, the XRP price action has remained stable, suggesting underlying demand remains sufficiently healthy to absorb outsized sales—a signal of market maturity that’s likely to capture the interest of institutional traders.
Historically, whale wallet distribution has fluctuated in tandem with strong directional moves in XRP, often increasing during rallies and contracting as prices pull back. The latest shift occurred as XRP recovered from late-August lows, indicating top participants seized the opportunity to take profit into strength. Despite the sharp cut, total whale holdings are still well above their mid-August nadir, evidencing continued confidence among big players, albeit with prudent exposure management.
For institutional and fintech observers, the episode stands as a testament to the evolving liquidity profile of XRP. The token’s ability to weather large-scale exits without significant price dislocation highlights the ecosystem’s increasing sophistication—underscoring its growing integration into diversified crypto portfolios.
Disclaimer: This article is provided for informational purposes only and does not constitute financial advice. Investors should always conduct their own thorough research and consult with a qualified financial advisor before making any investment decisions in cryptocurrencies, which are highly volatile and speculative assets.
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