A fresh readout of CryptoQuant\u2019s \u201cWhale Flow (30-day moving average)\u201d for the XRP Ledger points to renewed distribution by large holders, according to on-chain analyst Maartunn. Sharing the chart, he summed up the signal on X: \u201cXRP Whales are selling heavily. It\u2019s clear distribution. On-chain data tells the story. In data, we trust.\u201d<\/p>\n
The dataset<\/a> decomposes large-holder activity into positive and negative whale flow and smooths it with a 30-day average to reduce noise. On the latest print, the histogram is dominated by deep, sustained negative bars, signaling net outflows from whale cohorts rather than accumulation.<\/p>\n The timing aligns with price behavior: after XRP vaulted above $1 in late December 2024 and accelerated toward roughly $3.40 by mid-January 2025, the 30-DMA of whale flow flipped decisively negative. Through February\u2013March 2025 the negative leg deepened, with the smoothed net flow bottoming around approximately \u221260 million to \u221270 million XRP, a trough among the most pronounced on the multi-year chart.<\/p>\n That heavy distribution abated only briefly. From April through June 2025 the whale-flow 30-DMA turned positive for about three months, topping in the vicinity of +10 million to +20 million XRP. Importantly, that respite coincided with a cooler tape: price slid below $2.00 in April, then oscillated largely between ~$2.00 and a ~$2.60 ceiling into late June.<\/p>\n As soon as XRP reclaimed roughly $2.60 in mid-July, the negative histogram returned, and by August the smoothed net flow had retreated again toward approximately \u221240 million to \u221250 million XRP. Price meanwhile ran back above $2.60 in mid-July and spiked to a new high at $3.66 by end of the month. While XRP consolidates near $3, the whale-flow 30-DMA remains firmly negative at roughly \u221240 million XRP.<\/p>\n Two structural takeaways stand out from this sequence. First, the heaviest negative prints<\/a> in early Q1 2025 clustered immediately after the late-2024\/early-2025 breakout from ~$1.00 to above $3.00, consistent with large-balance profit-taking and supply returning to market as price momentum stretched.<\/p>\n Second, the only sustained positive-flow window\u2014April to June\u2014overlapped a period when spot weakened below $2.00 and could not sustain moves beyond ~$2.60, suggesting whales were less inclined to distribute into a soft market and more inclined to add or at least reduce selling pressure during consolidation. The return to sizable negative flow once price pushed back through ~$2.60 in mid-July supports Maartunn\u2019s characterization of renewed \u201cdistribution.\u201d<\/p>\n As ever, there are caveats. Whale-flow heuristics aggregate transfers from large addresses and cannot perfectly separate exchange internalization, custodian rebalancing, or OTC settlement<\/a> from directional selling. And a 30-day smoothing window introduces lag: a sharp behavior change by whales will take time to surface. Even so, the breadth and persistence of the negative bars\u2014near \u221270M\/\u221280M XRP at their Q1 depths, sliding back toward \u221240M XRP in August\u2014tilt the balance of evidence toward a market still digesting supply from big holders.<\/p>\n For now, the on-chain picture is straightforward: large-balance entities remain net suppliers on a smoothed basis. If that regime persists, trend continuation likely demands either a fade in the negative flow back toward neutral\/positive or enough external demand to absorb the overhang. As Maartunn put it, \u201cIt\u2019s clear distribution<\/a>\u2026 On-chain data tells the story.\u201d<\/p>\n At press time, XRP traded at $3.00.<\/p>","protected":false},"excerpt":{"rendered":" A fresh readout of CryptoQuant\u2019s \u201cWhale Flow (30-day moving average)\u201d for the XRP Ledger points to renewed distribution by large holders, according to on-chain analyst Maartunn. Sharing the chart, he summed up the signal on X: \u201cXRP Whales are selling heavily. It\u2019s clear distribution. On-chain data tells the story. In data, we trust.\u201d XRP Whales […]<\/p>\n","protected":false},"author":0,"featured_media":91669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-91668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91668"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=91668"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/91669"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}