28 Million XRP Dump Stuns Ripple Community
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 18 2024XRP Price Struggles: Despite a bullish trend in the broader crypto market, XRP's price remains bearish due to negative sentiment and significant sell-offs by whales, including a recent transfer of 28 million tokens worth approximately $15 million.
Market Activity Decline: The lack of major purchases and a 19.46% drop in trading volume indicate a prevailing bearish control over XRP, contrasting with the upward momentum seen in leading cryptocurrencies like Bitcoin.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
