XRP News: Whales Move 500 Mln XRP; Court Reject SEC's Motion

XRP News: XRP, Ripple’s native token price is on a downturn despite receiving positive updates from the crucial SEC lawsuit. XRP price is down by 11% in the last 7 days. However, whales have fully utilized this price dip opportunity by going on an XRP buying spree.

Whales moving XRP Price?

As per the data provided by WhaleTracker, more than 500 million XRP tokens have been moved by the crypto whales in the last 24 hours. These largest wallets managed to transact $172 million worth of XRP tokens.

Whales have moved around 431 million XRP tokens (approx worth $147 million) from crypto exchanges to personal wallets. The largest transaction recorded by the tracker is of moving 325 million XRP. Around $112 million worth of XRP tokens were moved from the Binance crypto exchange.

However, a transaction of moving 50 million XRP tokens (approx worth $16.7 million) were moved from Ripple tagged address. Read More XRP News Here

This has led XRP 24 hour trading volume to surge by 90%. It now stands at $1.08 billion. However, the XRP price has jumped marginally in the last 24 hours. XRP is trading at an average price of $0.3413, at the press time.

Meanwhile, crypto whales have dumped around 72.5 million in the last 24 hours. Over $24 million worth of XRP tokens were moved from the whale addresses to the Bitstamp crypto exchange.

Court rejects SEC’ request

As per reports, A decision on the Motion to seal documents in connection with the Expert Challenges was pending the XRP lawsuit. US district court passed an order around the Daubert Motions.

XRP is holding a market cap of over $17.1 billion despite facing legal tussle from the SEC.

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Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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