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The Crypto Assets market experienced an unprecedented dumping storm today, triggering widespread concern among investors. Since the morning, the market has been shrouded in a series of selling news.
First, the founder of Bitmex began a large-scale selling of various crypto assets around 10 a.m., which immediately attracted market attention. Soon after, a large investor transferred a significant amount of UNI and ETH to the exchange, suspected to be preparing for dumping.
The situation did not calm down as a large investor transferred over 100,000 Solana (SOL) to the exchange about an hour later, further intensifying the market's tense atmosphere. Around noon, the net outflow of Bitcoin ETF reached the highest point in nearly five months, which undoubtedly added more pressure to the market.
In the evening, XRP was also not spared from difficulties. According to reports, some large holders dumped over 710 million XRP within 24 hours, a figure that would make any investor feel uneasy.
This large-scale and persistent dumping behavior has caused many investors to feel anxious. Market participants are speculating whether this signals a larger market adjustment is imminent. Some analysts believe this may be a response to global economic uncertainty, or it could be large holders reacting in advance to certain undisclosed information.
Regardless, this all-encompassing selling pressure has indeed posed a significant challenge to the market. Investors are closely monitoring the developments, hoping to find opportunities or avoid risks in this turmoil. During this period of uncertainty, it is especially important to remain calm and rational.