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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

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