Whale Sell-offs: What Happens When Crypto Giants Dump Their Holdings?
Whale sell-offs are a hot topic in the crypto world, especially after what happened with XRP recently. So, what are we talking about? Well, they refer to those moments when large holders of cryptocurrency, aka “whales”, decide to dump massive amounts of their assets in a short time. You can imagine the chaos that ensues! XRP whales recently sold off over 200 million tokens in just 48 hours, and the market felt it—prices bounced around like a pinball machine, and fear of a crash crept in.
The immediate effect? A sharp drop in the price of the cryptocurrency being sold off. Smaller investors often panic when they see these large transactions, which can lead to a wave of selling. And let’s be real—this isn’t new. History has shown us…
