Are Whales Rotating Into XRP? BTC and ETH Holdings Slide

Share

Large Bitcoin investors sold more than 34,000 BTC over the past week, worth about $2.6 billion, while their holdings now represent 26% of the circulating supply. Ethereum whales also reduced their exposure by selling roughly 17,800 ETH, worth about $40 million, as the asset remains close to the key $2,000 level. In contrast, XRP whales acquired approximately 65.32 million tokens over four days, worth close to $72 million, bringing their total holdings to more than 4 billion XRP. This accumulation contrasts with significant outflows from spot XRP ETFs and broad weakness across the cryptocurrency market, limiting the prospects for a sustained rebound.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items