\n
Oh, XRP. It flickered, briefly, like a dying candle last week, reaching a paltry $2.40 before collapsing back into its usual melancholic state, now barely clinging to $2.30. One almost feels sympathy… almost. 😒
\n\n
But what truly chills the soul, you see, is not the descent itself, but how they’re descending. These…whales. And the long-term holders. They’ve developed a rather peculiar habit, haven’t they? A habit quite unlike previous, more optimistic cycles. It’s rather… disconcerting, don’t you think?
\n\n
\n
Apparently, unlike in the old days when they’d cash out during a proper, uplifting rally (like, say, when the price actually went somewhere), they’ve decided to hasten the inevitable. Since late September, as XRP stumbled from $3.09 – a sum, I presume, which evoked only fleeting joy – to the meager $2.30, their profit-taking has increased by, oh, a mere 240%. From $65 million a day to $220 million. Such enthusiasm! 🙄
\n
This, as the young people say, is “distribution into weakness,” not strength. A rather depressing thought, wouldn’t you agree?
\n
– glassnode (@glassnode) November 8, 2025
\n
\n\n
Glassnode insists they used to be sensible, these investors. Waiting for a proper climb before indulging. Remember July? The fleeting high of $3.40 in January? Such excitement. But now? They seem determined to liquidate while the liquidation is… good. Or, at least, while it’s still possible.
\n\n
And the whales! Goodness, the whales. Apparently, half a million tokens vanished in a mere 48 hours. One can only imagine the quiet desperation. The sighs. The hastily revised holiday plans.
\n\n
It’s all rather inconvenient, of course, given the ETF news. Apparently, some bureaucratic changes mean an ETF might actually launch this week. Canary Capital, perhaps. But these whales… they know something, don’t they? They’re anticipating a ‘buy the rumour, sell the news’ scenario. A cynical bunch, aren’t they? They suspect the price drop will follow the fanfare. Ah, well. What else is new? 🤷
\n
Oh, XRP. It flickered, briefly, like a dying candle last week, reaching a paltry $2.40 before collapsing back into its usual melancholic state, now barely clinging to $2.30. One almost feels sympathy… almost. 😒
But what truly chills the soul, you see, is not the descent itself, but how they’re descending. These…whales. And the long-term holders. They’ve developed a rather peculiar habit, haven’t they? A habit quite unlike previous, more optimistic cycles. It’s rather… disconcerting, don’t you think?
Apparently, unlike in the old days when they’d cash out during a proper, uplifting rally (like, say, when the price actually went somewhere), they’ve decided to hasten the inevitable. Since late September, as XRP stumbled from $3.09 – a sum, I presume, which evoked only fleeting joy – to the meager $2.30, their profit-taking has increased by, oh, a mere 240%. From $65 million a day to $220 million. Such enthusiasm! 🙄
This, as the young people say, is “distribution into weakness,” not strength. A rather depressing thought, wouldn’t you agree?
– glassnode (@glassnode) November 8, 2025
Glassnode insists they used to be sensible, these investors. Waiting for a proper climb before indulging. Remember July? The fleeting high of $3.40 in January? Such excitement. But now? They seem determined to liquidate while the liquidation is… good. Or, at least, while it’s still possible.
And the whales! Goodness, the whales. Apparently, half a million tokens vanished in a mere 48 hours. One can only imagine the quiet desperation. The sighs. The hastily revised holiday plans.
It’s all rather inconvenient, of course, given the ETF news. Apparently, some bureaucratic changes mean an ETF might actually launch this week. Canary Capital, perhaps. But these whales… they know something, don’t they? They’re anticipating a ‘buy the rumour, sell the news’ scenario. A cynical bunch, aren’t they? They suspect the price drop will follow the fanfare. Ah, well. What else is new? 🤷
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2025-11-09 10:33