XRP whales have created a stir in the broader crypto market by dumping hundreds of millions of tokens. This action comes ahead of Ripple's $125 million settlement in the SEC lawsuit. On-chain data reveals that almost 114 million XRP tokens were recently moved to centralized exchanges, raising concerns among market participants.
The massive dumps have negatively impacted the price of the Ripple-backed token. Market watchers are keeping a close eye on the situation as it unfolds.
