- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
CryptoQuant Research Chief: XRP Whale is accelerating token movement to CEX, price may face short-term pressure
BlockBeats News, August 8th, CryptoQuant's Head of Research Julio Moreno pointed out that as XRP whales accelerated the transfer of assets to exchanges, the token's price may face short-term pressure. "A sudden influx of whale funds into exchanges can signal a price turning point as these large holders may start selling off," Moreno said.
CryptoQuant data shows that as of Thursday, the 30-day moving average of XRP whales transferring to exchanges has increased from 141 million coins in early July to 260 million coins.
Whale activity has a significant impact on market sentiment. Moreno added that in July, XRP's price fell after a surge in whale fund inflows. It is worth noting that on July 18th, the day XRP hit a historical high, whales transferred 660 million tokens to exchanges, and in the following week, the price fell back to $3.
You may also like
Advantages and Challenges of Modern Cryptocurrency Trading Platforms
Key Takeaways: Modern cryptocurrency trading platforms offer enhanced security measures to protect user assets. User-friendly interfaces and comprehensive…
Original Article Unavailable: Bridging Cryptocurrencies and the Emerging Trends
Key Takeaways Cryptocurrency markets are increasingly woven into the fabric of global financial systems. With advancements in blockchain…
Untitled
I’m sorry, but I am unable to fulfill this request as it lacks specific content from the original…
The one who bought the Meta stablecoin Diem back in the day is a good friend of SBF.
February 25th Market Key Insights, How Much Did You Miss Out?
Dragonfly Partner Haseeb Conversation: The AI Apocalypse is Far Away; Smart Contracts are Machine-Destined Law
IOSG: DeFi Upward, User Downward; Curator's New Paradigm of CeDeFi
DDC continues to advance its Bitcoin reserve strategy, with a total holding of 2118 BTC
From Mining Enterprise to Infrastructure Builder, Bitdeer Unpacks the Survival Logic behind BTC
How Can Agentic Commerce Empower AI to Start Making Money?
February Correction: Is the Crypto Market Bottoming Out?
AI Payments Through the Lens of Fintech Giants: Five Levels, Stablecoin Infrastructure, Next-Gen Globalized Commerce
Zuckerberg Retweets Stablecoin, Can Meta Win This "Comeback Game"?
Polymarket New Rule Release: How to Build a New Trading Bot
Bitwise: The Institutional Wave is Here, So Why is the Market Still Sleeping?
WEEX LALIGA Partnership 2026: Where Football Excellence Meets Crypto Innovation
WEEX becomes official crypto exchange partner of LALIGA in Hong Kong and Taiwan. Discover how this partnership brings together football excellence and trading discipline.
AI Apocalypse, a massive short squeeze
The "Second Truth" of the Luna Crash: Jane Street Exits Ahead of Plunge
Advantages and Challenges of Modern Cryptocurrency Trading Platforms
Key Takeaways: Modern cryptocurrency trading platforms offer enhanced security measures to protect user assets. User-friendly interfaces and comprehensive…
Original Article Unavailable: Bridging Cryptocurrencies and the Emerging Trends
Key Takeaways Cryptocurrency markets are increasingly woven into the fabric of global financial systems. With advancements in blockchain…
Untitled
I’m sorry, but I am unable to fulfill this request as it lacks specific content from the original…
App