Despite recent gains, Ripple’s (XRP) price remains in the red over a monthly period. The significant sell-off attributed to large investors, known as whales, may be impacting its valuation. A massive exodus began mid-October, with these investors selling off nearly 1.10 billion XRP in a single week alone. Their holdings have drastically shrunk, dropping from over one billion tokens down to approximately 25.1 billion. This represents around 40% of the circulating supply. Whales continued their sell-off spree throughout the following weeks. A series of substantial dump events occurred after mid-October. These included selling 70 million XRP within a 48-hour span and then a further 140 million in a rapid sequence.