XRP News Today: XRP Whales Sell 710M Tokens Sparking Market Volatility

Large XRP Holders Sell Over 710 Million Tokens, Triggering Market Volatility

In a major on-chain movement over the past 24 hours, XRP whales—large token holders—offloaded approximately 710–719 million XRP tokens, causing notable turbulence in the cryptocurrency market [1]. The sales, tracked by Whale Alert and other data platforms, led to a sharp drop in the XRP price below $3.00 and triggered roughly $41 million in liquidations. These large transfers, including a single transaction of 200 million XRP valued at around $700.6 million, were reported to have moved from institutional wallets and possibly Ripple Labs-linked addresses [1].

The sudden outflow of XRP tokens increased exchange inflows and reduced market liquidity, amplifying volatility among traders and influencing investor sentiment globally. Whale Alert confirmed multiple transfers involving private or unknown wallets, highlighting the scale and impact of the movement [1].

Ripple Labs has not publicly commented on the sales, stating that such actions are part of routine liquidity management and not intended to signal broader market moves. The company continues to operate within its established escrow framework to ensure transparency and manage token distribution effectively [1].

Historically, similar whale sales have caused short-term market shifts, particularly during periods of regulatory uncertainty. However, the market has shown a tendency to stabilize after absorbing the excess supply of XRP, indicating that the current drop may also be temporary [1].

With the U.S. White House expected to release a comprehensive crypto policy report soon, the regulatory landscape remains a key factor influencing XRP’s volatility. The event underscores the sensitivity of the XRP market to large on-chain movements and the broader implications for investor behavior and market stability [1].

Source: [1] XRP Whales Offload 710M Tokens, Influencing Market Dynamics (https://coinmarketcap.com/community/articles/688ee943f755b03fefb01343/)