Claim BonusWhales Move 276 Million XRP While This Rumor Clears Up
The much anticipated Summary Judgment in the XRP lawsuit has sparked several rumors in the crypto market. Among such many rumors around the Ripple vs US SEC case, hearsay of Cardano founder Charles Hoskinson on Summary Judgment made it to the internet. However, experts and attorneys linked to the case debunked his claims.
XRP lawsuit not ending?
Charles Hoskinson in an AMA session that happened on December 10, claimed that the settlement in the XRP lawsuit will be done by December 15, 2022. However, Eleanor Terrett, FoxBusiness Journalist discard his claims.
Terrett highlighted that her sources have assured her that this is no such truth in the settlement rumor. She also mentioned that the same kind of XRP lawsuit ending rumor came out to be around November 15.
In a recent tweet, FoxBusiness Journalist affirmed that this rumor turned out to be false. To a tweet stating that “Must be an incredible source to have confirmed it’s not true. That’s a bold statement”, she replied, “A correct one, nonetheless.”
Crypto whales moving Ripple token despite rumors
However, crypto whales seem to be unaffected by the building rumors around the XRP lawsuit. According to the whale alert, more than 267 million XRP tokens (approx worth $97.7 million) were moved by the whales in a single transaction.
Coingape reported that other than this huge transaction whales moved 111 million XRP to their wallets or crypto exchanges. This depicts that around $42.6 million worth of XRP tokens were moved amid the price dump.
However, attorney Rodrigo Seira filed a motion to appear as Pro Hac Vice on the behalf of Amicus Curiae Paradigm in the XRP lawsuit.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- BitMine Keeps Buying Ethereum With New $84M Purchase Despite $8B Paper Losses
- Polymarket Sues Massachusetts Amid Prediction Market Crackdown
- CLARITY Act: Bessent Slams Coinbase CEO, Calls for Compromise in White House Meeting Today
- Crypto Traders Reduce Fed Rate Cut Expectations Even as Expert Calls Fed Chair Nominee Kevin Warsh ‘Dovish’
- Crypto, Banks Clash Over Fed’s Proposed ‘Skinny’ Accounts Ahead of White House Crypto Meeting
- XRP Price Prediction Ahead of White House Meeting That Could Fuel Clarity Act Hopes
- Cardano Price Prediction as Bitcoin Stuggles Around $70k
- Bitcoin Price at Risk of Falling to $60k as Goldman Sachs Issues Major Warning on US Stocks
- Pi Network Price Outlook Ahead of This Week’s 82M Token Unlock: What’s Next for Pi?
- Bitcoin and XRP Price Prediction as China Calls on Banks to Sell US Treasuries
- Ethereum Price Prediction Ahead of Feb 10 White House Stablecoin Meeting
