Express

1 Billion Idled XRP Moved, Volatility May Be Ahead

Dawn Wu

Summary: Behavior analytics platform Santiment’s Token Age Consumed index witnessed a spike up in over 1 billion idled XRP tokens transactions between addresses over the past few hours, per NewsBTC. The movements may result in a surge in volatility and could trigger a significant sell-off.

Behavior analytics platform Santiment’s Token Age Consumed index witnessed a spike up in over 1 billion idled XRP tokens transactions between addresses over the past few hours, per NewsBTC. The movements may result in a surge in volatility and could trigger a significant sell-off.

As explained by the Santiment team, the Age Consumed metric reflects the number of tokens shifting addresses in a period, and a spike implies a fair chunk of tokens moved after staying idle for a while.

According to Bitpush Market Data, XRP has been fluctuating between $0.19 to $0.215 for an extended time.

By Dawn Wu

Last Update:

Tags: ,,
Link: 1 Billion Idled XRP Moved, Volatility May Be Ahead   [Copy]
Next:

Related Articles

  • S&P 500 Enters Key Turning Point Window; A Cautious "Wait-and-See" Approach is Adv... 17 hours ago
  • Why a "One-Size-Fits-All" Approach to Stablecoin Issuance Fails Given Diverse Fiat Curr... 2 days ago
  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 7 days ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 8 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 18 days ago

    • You need to login to comment.