Maartunn (@JA_Maartun), a well-known market analyst, has raised concerns over alarming moves by XRP whales – wallets holding massive amounts of the token. Based on on-chain data, he noted that whales are selling aggressively, signaling a clear phase of distribution after a period of accumulation.
Whale Flows Reverse
The chart shared by Maartunn tracks whale flows from 2022 through 2025, splitting into inflows (green) and outflows (red). In recent months, red bars have dominated, reflecting continuous net selling from high-value wallets.
Earlier in 2025, XRP saw a strong price spike accompanied by a brief surge in inflows, but this was quickly overtaken by a prolonged wave of outflows. Notably, when XRP hit a new all-time high in July and August, outflows skyrocketed – coinciding with the loss of key support levels in early August.
Whales “Steering” the Market
The behavior of whales has long played a decisive role in XRP’s price action due to the high concentration of supply in a handful of wallets. Heavy distribution raises doubts about the sustainability of current price levels. When whales act in unison, retail investors often end up following their lead.
Analysts note that the current selling trend is not just short-term trading but rather a systematic reduction of holdings. Unless new demand flows in from outside the whale group, sustained outflows could continue to weigh heavily on XRP’s price recovery.
The Bigger Picture for XRP
While macro factors such as institutional adoption and regulatory clarity remain critical, it is the supply-side actions of whales that may dictate XRP’s short- and mid-term direction.
The reality is clear: when whales dump, the entire market must stay on guard.
