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Nearly 35 million XRP left exchanges in a 24-hour period, according to the article. Despite the outflow data, the XRP Price in April market on Polymarket shows 0% for “YES” to reach $2.60 in April, with no trading activity and no price movement.
The outflow is described as the sixth largest of the year. The article notes that previous large outflows in February and March were followed by 20%–50% price rallies.
At the time of reporting, the Polymarket contract is inactive, with no volume and no price movement in response to the exchange outflows. The article adds that if traders begin acting on the historical pattern, the market could move quickly due to thin market depth, where a large order could shift the price.
The article frames the case as relying on historical correlation: past outflows of this size have preceded rallies. It also highlights that buying “YES” at the current inactive state would pay out significantly if XRP surges, but only if the pattern holds. The 0% “YES” price is presented as evidence that no one is currently betting on the outcome in the market.
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