XRP Whale Movements Amidst 500M XRP Escrow Release
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A recent release of 500 million XRP tokens, worth about $281 million, from escrow has led to speculation about a potential sell-off in the crypto community. However, according to CoinMarketCap, XRP's price experienced a minor rise of nearly 2% in the past hour.
This release caused mixed reactions, with some members anticipating a potential price dump. Nevertheless, the market has shown resilience, indicating that a major sell-off has not materialized.
The crypto space continues to monitor whale movements, highlighting the sensitivity of XRP's market to significant token releases.
Source: coinedition.com ↗
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