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Trump-Powered Rally Triggers Heavy Dumping From XRP Whales, Here’s How Much

  • XRP experienced sharp fluctuations over the past two weeks, dropping below $2 and then reaching as high as $2.8.
  • The bounce back in the crypto market was influenced by Donald Trump hinting about a crypto reserve in the US.
  • However, on-chain data indicates that XRP whales have been selling off the token heavily after the Trump-fueled rally.
  • The distribution phase is observed as early investors cash out, and exchange data shows a concurrent jump in XRP supply on trading platforms.

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