Miles Deutscher (@milesdeutscher), a well-known cryptocurrency analyst, recently noted that XRP whales have been offloading their holdings at unprecedented levels. In a post on X, Deutscher stated that large holders have been “aggressively selling” since the asset’s price surged by over 500% from November. He described the current market behavior as a local distribution phase, indicating that whales are taking profits following the substantial rally. Deutscher also attached a chart highlighting significant selling activity among whales. This pattern suggests a shift in market sentiment, as large-scale distributions typically indicate that investors who accumulated XRP earlier are now selling. The implications of such activity could influence both short-term price movement and broader market trends. $XRP whales are unloading at record levels! Large holders have been aggressively selling since the price rallied over 500% from November. $XRP seems to be in a local distribution phase right now. pic.twitter.com/NgaOoiZkWX — Miles Deutscher (@milesdeutscher) March 3, 2025 XRP’s Remarkable Run In late 2024, XRP began a remarkable run triggered by Donald Trump’s election victory and former SEC Chair Gary Gensler’s resignation announcement . The asset rose from around $0.55 in early November, to a multi-year high of $3.39 in January 2025, marking a 516.4% increase. Contrasting Whale Behavior Despite the widespread selling reported by Deutscher, other recent whale movements provide a more complex picture. Some large investors accumulate tokens amid the sell-offs, signaling confidence in the asset. For example, a recent report highlighted that whales had acquired 1 billion XRP during a price dip. In another instance, a single entity purchased 65 million XRP , reinforcing the idea that not all major holders engage in the sell-off. These acquisitions contrast with the broader trend identified by Deutscher and suggest that while some whales are exiting, others see an opportunity to accumulate anticipating further gains. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 What’s Next for XRP? The significant movement of tokens by whales extends beyond buying and selling on the open market. Recent blockchain data reveals that Ripple and major holders moved 490 million XRP within 24 hours. Another report pointed out that 520 million XRP had been acquired by whales, further complicating the market outlook. Increased whale activities can impact liquidity, volatility, and overall market sentiment, making them critical indicators for traders and investors monitoring the asset’s trajectory. Deutscher’s observation that XRP is in a local distribution phase aligns with broader market trends where large holders capitalize on price surges to take profits. However, the mixed activity among whales indicates that while some major holders are liquidating their positions, these purchases suggest that other investors view the current price levels as a strategic entry point. At press time, XRP traded at $2.6 after a notable surge caused by Donald Trump’s announcement of a strategic crypto reserve including XRP. It will be intriguing to see how the whales react to this development. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP In Local Distribution Phase. Here’s the Significance appeared first on Times Tabloid .
