XRP Drops to 6-Week Low as Whale Activity Declines Sharply
— CryptoPotato
XRP has fallen to a 6-week low of $1.33 due to declining whale activity.
XRP has fallen to a 6-week low of $1.33 due to declining whale activity, significantly impacting its market cap.
- XRP has decreased by 14% in the last 10 days, hitting $1.33.
- Whale transactions have dropped from 157 to 67, indicating a 57.3% decline.
- 4,300 new wallets were created in a single day, marking a significant spike in network activity.
The decline in whale activity may affect XRP's market dynamics, potentially leading to reduced price volatility but increased uncertainty due to thinning transaction volumes.