467 Million XRP Moved As SEC Files Fresh Motion
XRP News: Ripple’s native crypto, XRP has been trading under uncertainty due to the long running legal tussle with the U.S. Securities and Exchange Commission. However, recent minor wins going against the US SEC has helped the XRP to register major gain. XRP price is up by around 50% on the year to date (YTD) basis.
Also Read: Why XRP Lawsuit Verdict Is Likely To Delay Further
Whales Resume XRP Accumulation Spree?
Coingape reported that the US SEC filed a letter of Supplemental Authority to support its Motion for Summary Judgment. This move comes in as the expected verdict in the XRP lawsuit is closing in. However, crypto whales seem to be reacting to the recent filings.
As per the data provided by WhaleAlert, more than 467 million XRP (Approx worth $235 million) have been moved in multiple transactions over the past 24 hours. The biggest transaction recorded by the tracker has been of moving 177 XRP million (approx worth $91.7 million) to an unknown wallet. However, another 177 million XRP were moved by the whales.
Whales bought around 83 million XRP tokens (approx worth $43 million) in multiple transactions. The biggest accumulation transaction recorded has been of adding 50 million XRP (approx worth $26 million) from the crypto exchange Cryptocom. Read More XRP News Here…
Also Read: Binance US To Delist Justin Sun’s Tron (TRX) Amid Arrest FUD
The recent accumulation came when XRP price dropped by around 4% in the last 24 hours. However, XRP has managed to maintain its price over the $0.50 level. Its 24 hour trading volume is down by $1.15 billion. However, a whale address transferred 30 million XRP (approx worth $15.5 million) to the crypto exchange Bitstamp in order to book the profit.
- John Bollinger Sees ‘W’ Bottom Forming in Ethereum and Solana, Not Bitcoin
- Robert Kiyosaki Calls Bitcoin and Ethereum ‘Real Money,’ Urges Investors to Ditch ‘Fake’ Fiat
- ‘Sell Gold, Buy Bitcoin’: Expert Flags Major Market Bottom Signal
- Ripple Makes ‘Unusual’ $500M Transfer Amid $1 Billion XRP Treasury Plans
- ‘I’m Going Bonkers’: Dave Portnoy Says He’ll Buy XRP Again If It Dips Below This Level
- Solana Price Prediction: Analyst Notes Bearish Breakdown Amid Derivatives Slowdown
- Shiba Inu Price Eyes Recovery as Burn Rate Jumps 10,785% – Can SHIB Hit $0.000016?
- Ethereum (ETH) Price Prediction: Analyst Eyes $7,000 by Q4 as Bitmine Accumulates $281M ETH — Will History Repeat Itself?
- HYPE Price Teeters Amid Weak Technicals and Soaring Liquidations
- XRP Price Prediction As Ripple Announces $1B Treasury Plans – Is a Rebound Imminent?
- Bitcoin Price Prediction Amid Gold’s Parabolic Rally to Second-Largest Reserve Asset
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.
