510,000,000 XRP Dumped by Whales Last Week: Good or Bad News for Ripple Prices?

In the past week, large XRP wallets moved 510 million tokens, drawing attention across the crypto market. Data shows declining whale holdings and potential chart patterns forming, suggesting the market may be preparing for a major move.

Whale Activity Pressures Price

According to analyst Ali Martinez, wallets holding between 1 million and 10 million XRP reduced their holdings sharply between September and early December. These wallets went from holding over 6.5 billion XRP in September to around 3.84 billion (by December 7).