XRP Whales Sell 200M Ahead of ETF Launch: What Do They Know?

XRP whales have offloaded around 200 million tokens, raising questions about their knowledge of an impending ETF launch. The price is holding near $3, with real-world utility and whale movements stoking bullish sentiment. The first U.S.-listed ETF offering spot exposure to XRP, XRPR, is set to debut this week.

In a significant development, XRP whales have offloaded approximately 200 million tokens, raising questions about their knowledge of an impending ETF launch. Despite optimism around upcoming ETFs, the market sentiment remains subdued, with XRP whales continuing to liquidate their holdings XRP Whales Continue Liquidating Holdings Amid ETF Launch Buzz^[1].

Key Insights:
- Whales holding 10 to 100 million XRP sold 40 million tokens over 24 hours.
- The U.S. SEC delayed approval of the Franklin Templeton XRP ETF, fueling negative sentiment.
- Large sell orders above $3.05 continue to pressure XRP’s price despite the ETF launch.
- Anticipation surrounding the launch of the REX-Osprey XRP ETF and other upcoming ETFs has stirred investor sentiment, but XRP whales are betting against the hype XRP Whales Continue Liquidating Holdings Amid ETF Launch Buzz^[1].

The price of XRP has held near $3, with real-world utility and whale movements stoking bullish sentiment. The first U.S.-listed ETF offering spot exposure to XRP, XRPR, is set to debut this week. The REX-Osprey XRP ETF, with a ticker of XRPR, is expected to launch on September 18, along with a parallel Dogecoin ETF (DOJE) XRP and Dogecoin ETFs To Arrive in U.S. Markets Under SEC’s 1940 Act Rules^[3].

The XRPR ETF will allocate at least 80% of its assets directly into XRP and related instruments, providing investors with transparent spot exposure. This structure allows up to 40% of the portfolio to include other ETFs with XRP exposure, creating a diversified framework that still centers on XRP price performance XRP and Dogecoin ETFs To Arrive in U.S. Markets Under SEC’s 1940 Act Rules^[3].

Despite the expected ETF launch, sentiment in the XRP market remains muted. A major supplier, the whales, which possess over half the supply, has been cautious and has sold millions of coins within recent days. The fact that the spot XRP ETF is not approved yet by the U.S. SEC, as well as fears of underperforming demand on the part of institutional investors, has also worked to tamp down expectations XRP Whales Continue Liquidating Holdings Amid ETF Launch Buzz^[1].

Market Activity and Future Outlook:
Over the past 24 hours, XRP’s price saw a slight increase of over 1%, trading between $2.98 and $3.07. However, derivatives data from Coinglass revealed a decline in XRP futures open interest, signaling a drop in trader confidence. Despite the ETF launch today, market participants remain cautious, and XRP’s price could face further volatility if whale distribution persists XRP Whales Continue Liquidating Holdings Amid ETF Launch Buzz^[1].

The mounting uncertainty surrounding XRP price prediction models has triggered a significant shift in investment strategy, with seasoned Ripple holders increasingly pivoting toward a revolutionary Ethereum Layer 2 memecoin that’s already raised over $3.5 million in presale funding XRP Price Prediction: Ripple Uncertainty Has Holders Pivoting To A New ETH Layer 2 Token For Gains^[2].