XRP News: Amicus Curiae Files New Request; Whales Move 111 Million XRP
XRP News: The Ripple Vs U.S. Securities and Exchange Commission (SEC) involving the XRP token is marching toward the Summary Judgement announcement. In an anticipation of some positive outcome, crypto whales are continuing their XRP accumulation spree.
Amicus Curiae files motion in XRP lawsuit
Attorney James Filan reported that attorney Rodrigo Seira filed a motion to appear as Pro Hac Vice on the behalf of Amicus Curiae Paradigm Operations LP. Paradigm is a firm that supports digital asset-related and Web3 companies.
The firm in its motion mentioned that in the XRP lawsuit the SEC rhetoric goes further than its claims require or the law supports. The commission asserts that the XRP tokens and by their extension many other crypto assets are securities.
It added that the distinction between offer and sale transactions and underlying crypto assets is critical.
Whales moving Ripple’s token
However, the crypto whales have moved more than 111 million XRP tokens in the last 24 hours. As per data around $42.6 million worth of XRP tokens have been moved over the past day.
A whale has bought $15.9 million worth of XRP tokens in a single transaction from the Bitso crypto exchange. This major accumulation has come amid the recent price dump.
XRP price has dropped by around 5% in the last 24 hours. Ripple’s native token is trading at an average price of $0.364, at the press time. XRP is holding 24 hour trading volume of around $851.9 million.
Meanwhile, some whales have moved some 70 million XRP tokens to the Bitstamp crypto exchange in the last 24 hours. Around $26.6 million worth of XRP tokens were moved in multiple transactions to dump.
- FOMC Minutes Signal Fed Open to More Rate Cuts This Year, Bitcoin Bounces
- North Dakota To Issue ‘Roughrider’ Stablecoin Following Wyoming’s Footsteps
- Ethena Labs and Jupiter Partner to Launch JupUSD Stablecoin on Solana
- BlackRock’s Bitcoin ETF Leads ETFs With $3.5B Weekly Inflows as It Eyes $100B in AUM
- MetaMask Launches Hyperliquid Perpetuals In-App, Plans To Integrate Polymarket
- Bitcoin Price Prediction as US Govt. Shutdown Extends- What’s Next for BTC?
- Solana Price Megaphone Points to a Parabolic Move as SOL Treasuries Near $3B
- XRP Price Prediction Amid ETF Approval Roadblock as Analyst Warns of $2.72 Dip
- Binance Coin Price Prediction If It Surpasses Bitcoin Marketcap— Is $3000 Possible in 2025?
- ASTER vs HYPE Price Analysis – Which Perp DEX Token Looks Poised to Dominate Q4 Performance?
- Ethereum Price Could Soar to $6,500 as BlackRock’s ETF Nears $20B Milestone
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.
