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On March 3rd, COINOTAG News reported insights from prominent crypto analyst Miles Deutscher regarding significant sell-offs among XRP whale holders. In light of the token’s remarkable price increase exceeding **500%** in November 2024, these large-scale investors have intensified their selling activities. Analysis indicates that XRP is currently experiencing a pronounced phase of **distribution**, with substantial quantities being liquidated. Data sourced from Crypto Quant reveals that the **90-day moving average** for XRP reflects alarming trends, as whale transactions have reportedly reached daily sell-offs between **$120 million** and **$180 million**. This activity underscores critical market dynamics that investors must monitor, as the movement of large holders can significantly impact the token’s value and overall market sentiment. Stakeholders are advised to stay vigilant in navigating these shifts, making informed decisions based on extensive market analysis.
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