Telegram ID: @Vipkhoone_manager

100 Million XRP Sold Last Week: Potential Price Impact

Crypto Leak 140 Best Vip channels of the world

100 Million XRP Sold Last Week: Potential Price Impact


In Brief

  • Over 200 million XRP tokens were stolen from Ripple’s co-founder and sold across exchanges, leading to a significant sell-off.
  • Kaiko’s analysis showed a net sell-off of nearly 100 million XRP, mainly on Binance and OKX, after the cybersecurity breach.
  • Ripple’s challenges compounded with the SEC’s legal victory demanding financial disclosures, potentially affecting XRP’s price.

In a week marked by cybersecurity breaches, Ripple’s co-founder’s XRP wallet fell victim to a sophisticated hack. Over 200 million XRP tokens were illicitly extracted and dispersed across various exchanges within a narrow timeframe.

This incident, brought to light by cybersecurity analyst ZachXBT, led to increased selling of XRP tokens, underscoring the persistent vulnerabilities within the crypto market.

100 Million XRP Sold Last Week

Blockchain analytics firm Kaiko provided insight into the aftermath of the recent security breach. The firm’s analysis revealed a Cumulative Volume Delta (CVD) indicating a net sell-off of nearly 100 million XRP, predominantly on leading exchanges Binance and OKX.

Despite the hacker’s intent to liquidate a vast amount of stolen XRP tokens, swift action from the exchanges led to freezing the assailant’s accounts, preventing a total sell-off.






Get to know Godleak

Godleak crypto signal is a  service which provide profitable crypto and forex signals for trading. Godleak tried to provide you signals of best crypto vip channels in the world.

It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.

Crypto leak

Godleak crypto leak service have multiple advantages in comparision with other services:

  •  Providing signal of +160 best crypto vip channels in the world
  • Using high tech bot to forward signals
  • Without even a second of delay
  • Joining in +160 separated channels on telegram
  • 1 month, 3 months , 6 months and yearly plans
  • Also we have trial to test our services before you pay for anything

For joining Godleak and get more information about us only need to follow godleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features


Join for Free


Also you can check the list of available vip signal channels in the bot. by pressing Channels button.




“Ripple’s XRP Cumulative Volume Delta (CVD) – a measure of net buying and selling – showed a net sell-off of nearly 100mn XRP, primarily on Binance and OKX after last week’s hack of Ripple’s co-founder,” analysts at Kaiko said.

However, the damage was already done. This mass liquidation exerted unprecedented selling pressure on XRP, prompting a notable dip in its market valuation. Therefore, XRP struggled to maintain its position, especially against a backdrop of regulatory scrutiny.

The cryptocurrency’s inability to hold above the critical support level of $0.55 signaled a bearish turn. Indeed, this could precipitate a potential downward trajectory toward $0.37. This movement reflects the immediate impact of the hack and aligns with broader market trends and regulatory challenges facing Ripple.

Adding to Ripple’s woes, the SEC’s recent legal victory compelling the company to disclose financial statements and details regarding institutional sales of XRP casts a long shadow. This development is pivotal, as it could further influence XRP’s market position and investor sentiment.

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *