Virtu Financial has disclosed a $63 million holding in XRP, as revealed in a recent SEC filing. This announcement comes as large XRP holders have reportedly sold off $260 million worth of the cryptocurrency, contributing to increased market volatility. The significant sell-off by whales could influence the liquidity and investor sentiment surrounding XRP, especially with the anticipated launch of an XRP Spot ETF. Market participants are closely monitoring these developments, given the potential impact on XRP's value stability.