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“Whales” massively get rid of XRP tokens

According to the Santiment team, large XRP holders or so-called “whales” are massively selling their tokens. This trend is directly related to the problems of its developer, Ripple. Recall that the American authorities, represented by the Securities and Exchange Commission (SEC), accused the Ripple team of selling unregistered securities worth up to $ 1.3 billion. This message hurt the company’s reputation and led to a rapid drop in the value of altcoin. If a few days ago the XRP token was in the top three largest digital currencies, now the coin has given way to the Tether stablecoin by capitalization. The price of the token fell by more than 40% in just a day. Now XRP is trading at $ 0.305, the capitalization of this altcoin has decreased to $ 13.884 billion. The Santiment report says that over the past 24 hours, the number of large token holders has decreased by 18 addresses that control at least 10 million coins worth $ 490,000. contributed to stirring up panic among XRP holders. Most likely, the negative trend will dominate in the coming days. Ripple CEO Brad Garlinghouse has already accused the SEC of hindering the innovative development of the American market. In parallel, the head of the crypto company promised that his team will not give up the token and will continue to use it.

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