Whales Go Wild: XRP Sees Surging Big-Money Moves Post-ETF Launch

XRP's big players are making waves—again. Just days after the landmark ETF debut, whale transactions are spiking like a caffeinated altcoin.

The Ripple Effect

Institutional money’s finally playing nice with crypto—or at least pretending to. The ETF approval sent XRP whales into a feeding frenzy, shuffling stacks that’d make a Wall Street quant blush.

Liquidity or Lunacy?

Massive transfers hit the ledger while retail traders scrambled for scraps. Classic crypto: the rich get richer, and everyone else gets a ‘HODL’ meme.

Regulators Take Notes (Probably)

Watchdogs are circling—because nothing summons bureaucracy like whales moving digital money faster than a hedge fund’s coffee budget.

Bottom line: XRP’s proving it’s more than a lawsuit survivor. But let’s see how long the party lasts before the SEC crashes it—again.

TLDR

• XRP experienced a 2,490% surge in spot activity within an eight-hour period, signaling increased market volatility.
• Despite the surge, XRP’s net inflows remain positive, indicating heightened selling potential in the market.
• Over $1.2 billion in liquidations occurred in the market, with XRP marking four consecutive days of decline.
• XRP’s outflows totaled $247.28 million in the last 24 hours, nearly offsetting inflows of $261.24 million.
• The Canary XRP ETF launched in the U.S., reaching $58 million in trading volume on its first day.

XRP has seen a surge in spot activity, with a 2,490% spike in spot flows within an eight-hour window. CoinGlass data reveals that despite this spike, XRP’s net inflows remain positive. This indicates a trend toward increased selling pressure in the market.

The rise in spot activity follows a broader market sell-off, which saw over $1.2 billion in liquidations on Friday. XRP has experienced a four-day consecutive drop in value, adding to the negative sentiment. In the past 24 hours, XRP’s outflows totaled $247.28 million, while inflows reached $261.24 million.

The difference between inflows and outflows results in a positive net inflow of $13.97 million. This suggests that despite selling pressure, XRP is still experiencing more deposits into spot markets. As a result, investors seem to be offloading assets while others buy in, pushing prices lower.

Canary XRP ETF Launches, Price Sees Temporary Surge

On Thursday, the Canary XRP ETF launched in the U.S. as the first pure-play 33 Act fund. The ETF, trading under the ticker XRPC, saw a strong debut, with $26 million in trading volume within 30 minutes. By the end of the day, the ETF hit $58 million in volume, setting a new record for ETF launches this year.

Ahead of the launch, XRP’s price surged to $2.52, but it dropped to $2.27 shortly after. Market watchers speculate that some investors may have sold XRP to purchase it in ETF form. The launch of the ETF offers certain tax advantages under current U.S. regulations, possibly incentivizing investors to make this shift.

Increased Whale Activity and XRP Movements

XRP has seen increased whale activity following the ETF’s debut, adding to the selling pressure in the market. Whale Alert reports multiple large transactions, including 96,269,897 XRP worth $222.8 million and another 96,137,559 XRP valued at $222.96 million. These transfers were made between unknown wallets, suggesting that large players are actively shifting their positions.

In addition, a separate transaction saw 96,152,284 XRP, worth $223.3 million, moved from an unknown wallet to the Coinbase exchange. This movement of large XRP volumes signals heightened activity among major holders. The overall trend reflects increasing volatility as XRP investors adjust to the new ETF and shifting market conditions.

At the time of writing, XRP was attempting to recover from previous losses. It was down 0.09% in the past 24 hours, trading at $2.26. The market remains under pressure as large transactions continue to shape the cryptocurrency’s outlook.