Doctor Profit Exits XRP Over Market Risk Concerns

Doctor Profit, an elite trader, has sold his XRP and other altcoins from his portfolio. He believes the market has become too risky due to heavy leverage and high trading activity.

In a post on X, he stated that altcoin trading volume is now four times higher than Bitcoin's, which he sees as a sign of excessive speculation.

Doctor Profit sold ONDO with a 73% profit and closed his HBAR position with a smaller gain. He has no plans to buy altcoins again because he thinks the market is overheated and may see a correction.

While he doesn't rule out buying XRP again in the future, he's waiting for better market conditions before doing so. His current focus is on short-term trades, including a short position on Bitcoin at $86,200 with additional orders between $86,500 and $89,500.