Large XRP Holders Sell Nearly 200 Million Tokens Following ETF Launch

Major XRP holders offloaded approximately 200 million tokens in the 48 hours after the first US spot XRP ETF began trading. The asset declined 4.3% to $2.22 despite the Canary Capital ETF recording $58 million in first-day trading volume. Total inflows exceeded $250 million, with institutional wallets adding $44 million in long positions.