Time to Sell XRP? $444 Million Inflows on Exchanges
Ripple’s native token XRP is making a wave in the cryptocurrency landscape with its impressive performance. With a significant price surge of over 420% in the last 30 days, XRP has outperformed major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Binance Coin (BNB), and others.
In the context of cryptocurrency, inflows refer to the movement of assets from whale wallets to exchanges, which often creates selling pressure and suggests that investors might be depositing the asset with the intent to sell.
XRP’s $445M Inflow, What it Means for Investor?
Data from the on-chain analytics firm Coinglass indicates that whales appear to be offloading their holdings as prices continue to rise. According to Coinglass’s XRP spot inflow/outflow data, exchanges have witnessed significant inflows of $444.39 million over the past four days.