XRP Whales Are Selling: $50 Million Exiting Wallets Every Day

Recent on-chain data reveals that XRP whales are selling off their holdings at an alarming rate, with a net outflow of $50 million per day. This trend indicates persistent selling pressure on the asset, which could impact its market value and investor confidence. The actions of these large investors, known as whales, are significant as they can sway market dynamics and influence price movements. Understanding this trend is crucial for investors looking to navigate the volatile cryptocurrency landscape.