XRP Whales Offload 200 Million Ahead Of ETF Launch: What Do They Know?

Statistics: Martinez highlighted that whales offloaded round 200 million XRP over the past two weeks elevating curiosity if the large XRP holders know one thing that nobody is aware of.

Glassnode data reveals crypto rallied this week, however perpetual open curiosity in XRP has risen whereas Bitcoin and Solana noticed OI drop, suggesting merchants are more and more positioning round ETF-related volatility.

Coinglass knowledge reveals XRP liquidations prior to now 24 hours stands at $1.7 million with $1.3 million in lengthy liquidations.

Neighborhood Information: VivoPower Worldwide’s digital asset arm, Caret Digital, said it secured bulk mining rig reductions and plans to amass XRP at steep reductions (as much as 65%) by exchanging mined tokens by way of bulk buying offers.

CME Group announced plans to launch XRP and Solana choices contracts on Oct. 13, pending regulatory approval, constructing on robust demand of their present futures markets.

Since Might, greater than 370,000 XRP futures contracts ($16.2 billion notional) have traded.

“The launch of those choices contracts builds on the numerous progress and rising liquidity we now have seen throughout our suite of Solana and XRP futures,” mentioned Giovanni Vicioso, CME Group World Head of Cryptocurrency Merchandise.

REX Shares announced the launch of REX-Osprey XRP ETF, (XRPR), being the primary U.S.-listed ETFs providing spot publicity to XRP providing traders a approach to entry these digital belongings by way of an ETF construction.

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