XRP saw a huge price jump, and some early investors made a killing – over 300% gains! But what are these big players doing now?
Understanding “Realized Profit”
To understand the situation, we need to understand a term called “Realized Profit.” Basically, it’s the actual profit made when someone sells their cryptocurrency. It tracks the difference between the price they bought it at and the price they sold it at. If they sell for more than they bought it for, that’s a realized profit. This data comes from blockchain transaction history.
XRP Whales and Their Profit-Taking
Glassnode, a crypto analytics firm, looked at the realized profit of XRP investors who were sitting on gains of over 300%. These are the folks who bought XRP before its massive price surge in November 2024.
Their data shows a clear pattern:
- Initial Spike: Right after the price rally, these whales started selling off a lot of their XRP, taking their massive profits.
- Continued Selling (but less): They continued selling throughout early 2025, but at a much slower pace.
- A Period of Calm: By March, the selling pretty much stopped. It stayed quiet until recently.
- June’s Sell-Off: In early June, these whales started selling again, reaching a peak of $68.8 million per day.
- Another Pause?: Now, the selling has slowed down once more.
What Does it All Mean?
The big question is: are these whales done selling, or is this just a temporary pause? They’ve cashed out a few times already, so it’s hard to say for sure.
Current XRP Price
In the last 24 hours, XRP’s price dipped over 2%, settling around $2.1.