Whales 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.
- Ethereum and BMNR Rallies as BitMine Drops $1B on ETH, Analyst Hails “Most Bullish Setup Yet”
- ASTER Deposits Flows Into Binance Wallets Following CZ Endorsement, Listing Incoming?
- Avalanche Treasury Seals $675M Deal With Mountain Lake to Build $1B AVAX Vehicle
- Just In: Nasdaq-Listed VivoPower Raises $19M in Equity to Expand XRP Treasury Holdings
- Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
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.
