XRP took a beating today — down 7.45% in just a few hours. Broke straight through the $2.16 level and now hovering around $2.05.
What caused the dump? A massive $437M institutional sell-off hit the market. Trading volume spiked 158%, and the carnage spread across the board with over $1B in liquidations. Big players clearly exited their positions fast. Open interest collapsed right alongside price.
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degenonymous
· 12-01 11:02
Here they come again, these institutions just love to make surprise moves, look at my Wallet, it's all green.
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RugPullAlarm
· 12-01 11:01
Which Whale Addresses were involved in the 437M dumping? Has on-chain data been checked? This scale can definitely be traced.
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PonziDetector
· 12-01 10:59
Once again, institutions are dumping, and this time it's XRP that is the head.
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WalletDetective
· 12-01 10:51
Another big show is here, institutions are dumping 437 million directly breaking the position, this is the "Liquidity" of Web3.
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PoetryOnChain
· 12-01 10:50
The big institutions are really dumping their goods, and the retail investors have to catch a falling knife again.
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StakeOrRegret
· 12-01 10:41
It's another scenario where large investors are dumping, and retail investors are picking up the knives.
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SigmaValidator
· 12-01 10:41
Institutions dumping like this, one should have gotten used to it by now.
XRP took a beating today — down 7.45% in just a few hours. Broke straight through the $2.16 level and now hovering around $2.05.
What caused the dump? A massive $437M institutional sell-off hit the market. Trading volume spiked 158%, and the carnage spread across the board with over $1B in liquidations. Big players clearly exited their positions fast. Open interest collapsed right alongside price.