Bitwise Makes Largest XRP Purchase of October at $10.55M
- —Bitwise bought $10.55 million in XRP, its largest October purchase
- —Franklin Templeton and Canary Capital recorded outflows for the day
- —XRP dropped to $1.43 after trading above $1.50 earlier in the week
Why it matters: Institutional demand via Bitwise diverges from XRP's falling price, suggesting investors may be buying the dip.
Source: U.Today