The XRP Ledger's decentralized exchange (DEX) achieved a record 954,000 daily transactions on November 4, despite a significant decline in XRP's price. The token has fallen 26% over the past month, from $3 in early October to $2.21. Analysts suggest the increased transaction volume may be driven by large-scale selling, whale distribution, or arbitrage trading rather than genuine buying interest. The broader cryptocurrency market has also experienced downturns, with major assets like Bitcoin and Ethereum falling below key support levels. Whale holders have reportedly sold nearly 900,000 XRP tokens in just five days, contributing to the downward pressure on the token's price.