XRP whales executed a significant sell-off, offloading about 40 million XRP (~$120M) from wallets holding 10M–100M tokens, indicating large-holder rebalancing while price held near $3.02—suggesting healthy demand absorbing sizable outflows without sharp market impact.
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40 million XRP sold by 10M–100M wallets in the past 24 hours
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Wallet balances moved from ~7.78B XRP to ~7.74B XRP, confirming the scale of outflows
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Despite the sell-off, XRP price remained steady at ~ $3.02, implying robust demand
XRP whales sold ~40M XRP (~$120M), yet price held near $3.02—track on-chain flows and institutional rebalancing to assess market strength. Read the full analysis.
What caused the recent XRP whale sell-off?
XRP whales pared positions after recent gains, with wallets holding 10–100 million XRP reducing balances by roughly 40 million tokens. On-chain data shows a shift from ~7.78 billion to ~7.74 billion XRP held in this bracket, signaling profit-taking or portfolio rebalancing among large holders.
How large were the whale transfers and what do they mean for price action?
Blockchain analytics show millionaire wallets offloaded about 40 million XRP in 24 hours, equal to roughly $120 million at current prices. Despite this sizable outflow, XRP traded flat around $3.02, which suggests demand absorption by smaller holders, exchanges, or algorithmic liquidity providers and reduces immediate downside risk.
| Wallet bracket | Before | After | Change |
|---|---|---|---|
| 10M–100M XRP wallets | ~7.78 billion XRP | ~7.74 billion XRP | -40 million XRP |
Why did the market absorb the outflows without a price crash?
Supply-demand dynamics matter: the move was concentrated in a specific wallet bracket and coincided with elevated buying interest elsewhere. Short-term liquidity from exchanges and retail buyers, combined with active market-making, likely soaked up sells. Historical patterns show similar trims during rallies as large holders lock gains.
Which on-chain metrics and sources back this analysis?
Data points include wallet balance changes, transfer volumes and price stability. Observations reference blockchain ledger snapshots and on-chain analytics reports (plain text mention: Chainalysis-style analytics, Glassnode-style metrics) and exchange order-book depth. No external links are provided—sources are cited as named analytics categories only.
Frequently Asked Questions
Did exchanges or institutions drive the selling?
Transfers were recorded on-ledger from large addresses but did not show clear exchange deposits as the sole destination. That ambiguity means selling could reflect direct OTC rebalances, institutional profit-taking, or off-chain settlement activity.
What should traders watch next?
Monitor on-chain wallet balances for further trimming, exchange inflows/outflows, and order-book liquidity. Repeated withdrawals from the 10M–100M bracket without commensurate buy-side interest would signal increased sell pressure.
Key Takeaways
- Scale of the move: ~40M XRP (~$120M) sold by large wallets in 24 hours.
- Market resilience: Price remained near $3.02, showing demand absorption.
- Actionable insight: Track wallet bracket balances and exchange flows to anticipate further rebalancing.
Conclusion
This on-chain snapshot shows XRP whales trimming positions without destabilizing price, suggesting healthy demand and market depth. Continued monitoring of 10M–100M wallet activity and exchange flows will clarify whether this was a one-off rebalancing or the start of a trend. Stay updated with on-chain metrics and institutional signals to gauge next moves.
