CryptoQuant Research Chief: XRP Whale is accelerating token movement to CEX, price may face short-term pressure
By: theblockbeats.news|2025/08/08 09:32:06
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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.
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