Cryptanalysis Analyst: XRP whales have significantly sold off, with a recent single-day dump exceeding 120 million USD

ChainCatcher news, according to crypto analyst Miles Deutscher's post on the X platform, XRP holding whales are selling tokens at record levels. Since the price increase of over 500% in November 2024, large position holders have been actively selling, and XRP seems to be in a large distribution phase.

According to the Crypto Quant data shown in the accompanying image, the 90-day average line for XRP indicates that recent daily sell-off trading volumes by XRP whales have reached around $120 million to $180 million.