XRP Supply Shrinks Amid ETF Surge
April 24, 2026 at 11:43
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✦ AI Summary
- 1.23% of XRP now locked in ETFs, restricting supply
- Bitcoin struggles post-$8.47 billion options expiration
- A massive Shiba Inu whale begins selling off holdings
The cryptocurrency market is witnessing a significant shift as 1.23% of the XRP supply has become locked in ETFs, creating a supply crunch. This development coincides with Bitcoin facing challenges due to a liquidity trap following the recent expiration of $8.47 billion in options.
Additionally, a dormant whale, holding a staggering 1.66 trillion Shiba Inu coins, has started to offload a portion of their assets, further impacting market dynamics.
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