XRP Price Decline: Is Ripple Selling Off Tokens?
The post XRP Price Decline: Is Ripple Selling Off Tokens? appeared on BitcoinEthereumNews.com. After surging above the $0.51 mark on Monday, the XRP price has been on a decline once more. This has seen the asset drop back below $0.49 as obvious selling pressure continues to mount on the altcoin. The major focus of holders has been on where this sell pressure is coming from and a number of large transfers from Ripple have raised eyebrows. Ripple Transfers Over $50 Million XRP On Monday, two transactions from Ripple caught the attention of the XRP community. The transactions which were detected by whale tracking platform Whale Alert were carrying a significant amount of XRP tokens, leading to speculations that the crypto firm is selling part of its holdings. The first transaction which was carrying 75 million tokens worth $36.92 million was being sent to an unknown wallet. In this case, it is likely that this tranche of tokens was being sent to a private owner, probably in an over-the-counter (OTC) deal.
The post XRP Price Decline: Is Ripple Selling Off Tokens? appeared on BitcoinEthereumNews.com.
After surging above the $0.51 mark on Monday, the XRP price has been on a decline once more. This has seen the asset drop back below $0.49 as obvious selling pressure continues to mount on the altcoin. The major focus of holders has been on where this sell pressure is coming from and a number of large transfers from Ripple have raised eyebrows. Ripple Transfers Over $50 Million XRP On Monday, two transactions from Ripple caught the attention of the XRP community. The transactions which were detected by whale tracking platform Whale Alert were carrying a significant amount of XRP tokens, leading to speculations that the crypto firm is selling part of its holdings. The first transaction which was carrying 75 million tokens worth $36.92 million was being sent to an unknown wallet. In this case, it is likely that this tranche of tokens was being sent to a private owner, probably in an over-the-counter (OTC) deal.
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