XRP’s Four-Week Rally Was Led by Retail Investors: Kaiko

“Looking at buy and sell transactions on the two largest Korean exchanges, Upbit and Bithumb, market sell orders overwhelmingly outpace market buys for orders over 200k XRP ( $1.25 ) (~$95k),” Kaiko’s analysts said in a weekly note published Monday. “In contrast, the buy/sell ratio was much more balanced for smaller orders.”