XRP Whales Begin To Liquidate Part Of Their Holdings Amid Regulatory Uncertainty Surrounding Ripple

[ilovexrp 10]

According to Coin Metrics, the number of wallet addresses containing at least 1 million XRP has dropped to 1,567 from 1,721 between December 21, 2020, and January 3. The SEC is against Ripple.

https://azcoinnews.com/xrp-whales-begin-to-liquidate-part-of-their-holdings-amid-regulatory-uncertainty-surrounding-ripple.html

[jetbrzzz 340]

FUUUUUUUUUUUD that, gimme all dem worthless XRP. I'll sell it all back later, I promise.

[Andy_79 105]

XLM is at the same price as XRP now 🙂

[stickynoodle69 32]

I took a screen shot from December 26th. Wish i did before the SEC lawsuit then we'd see a bigger drop likely. Here's in comparison to today's chart: https://ibb.co/mRbsnG2

100 million XRP addresses have increased by 8.  Who are these people. Are they also exchanges? 100 mil is like 22 million, I dont think they are the retail investors.

Looking at wallets of 20 million and the wallets that fall under this I believe is where the retail investors are. 4 million seems like a rich person's investment, an exchange would be much larger.

Would have to dive deeper into the wallets  in the 100 million range.  Are those wallets from exchanges? I can care less where the average retail investor is. I want to know where the institutions are and the partnerships. Lot of the wallets in 100 million are exchanges, but are all of them?

Edited January 6 by stickynoodle69

[corak 1,208]

Considering there is no limit to how many accounts can be created (aside from the 20 XRP deposit) you have no real idea how many "whales" there are or how much "institutional money" is involved. Looking at 20M+ or 100M+ wallets doesn't even give you a lower bound, because of exchanges (and each of those may have multiple hot/cold wallets, of course)

[stickynoodle69 32]

On 1/6/2021 at 8:27 AM, corak said:

Considering there is no limit to how many accounts can be created (aside from the 20 XRP deposit) you have no real idea how many "whales" there are or how much "institutional money" is involved. Looking at 20M+ or 100M+ wallets doesn't even give you a lower bound, because of exchanges (and each of those may have multiple hot/cold wallets, of course)

Yeah its tough to follow.  They seem to create these new wallets and throw them away later and remake new ones.

[Columba 13]

Dunno if this helps but on bithomp you can find known adresses by simple entering the adress. Some manual work required but if you take top 100 not that much.

For example BTC markets wallet. https://bithomp.com/explorer/rU7xJs7QmjbiyxpEozNYUFQxaRD5kueY7z