Major XRP Holders Offload $68.5M Daily During Rally, Sparking Liquidity and Volatility Concerns
On-chain data shows that major XRP holders are selling about $68.5 million worth of tokens each day amid a recent price rally. This large-scale offloading has raised market liquidity concerns and the risk of heightened volatility. Despite the significant sell-pressure, Ripple executives have remained silent, leaving traders to interpret the implications independently. Analysts warn that increased supply could trigger short-term price corrections, while others believe strong demand may absorb the sales. Historical trends suggest similar sell-offs have led to pullbacks, underscoring the importance of monitoring on-chain metrics to assess market absorption capacity and potential price impacts.
Bearish
Heavy daily sales of $68.5 million increase XRP supply pressure, which typically leads to short-term price dips. Historical episodes of large holder offloads have coincided with market pullbacks, reinforcing bearish sentiment. In the absence of Ripple’s commentary, uncertainty may amplify selling pressure. While long-term trends depend on demand absorption, the immediate effect is likely negative for price stability.