An XRP whale has offloaded 18.03 million tokens, valued at $10.39 million, to the Bitstamp exchange. This move occurs in the context of a bearish market sentiment.
The transaction was reported by the blockchain tracker Whale Alert on September 19, 2024. The motivations behind this significant token dump are speculated to stem from frustration among XRP whales.
Market participants are now closely monitoring the situation to see if this substantial sell-off will lead to a further price drop in XRP.
