The post SEC Appeals $125 Million XRP Lawsuit Amidst New Altcoin Buying Frenzy appeared on BitcoinEthereumNews.com.

XRP token holders find themselves at the edge of their seats again. Ripple (XRP) is now facing the appeal filed by the US Securities and Exchange Commission (SEC) on October 2nd. Meanwhile, as whales tumble with uncertainty, the new altcoin JetBolt (JBOLT) captures their attention for the frenzy of buying activity. JetBolt continues to soar as crypto whales look for new exciting opportunities. Will Ripple be able to bounce back as XRP price drops amid the legal tussle it’s facing, or will JetBolt completely outshadow XRP? Let’s dig into the latest developments on XRP and JetBolt. Ripple’s Legal Battle Intensifies as the SEC Appeals Ripple’s (XRP) legal battle with the SEC continues. After Ripple initially triumphed with a partial victory, the SEC isn’t backing down. The SEC has filed an appeal challenging the court ruling that imposed a $125 million penalty on Ripple instead of the $2 billion the SEC had initially sought. Meanwhile, Ripple’s Chief Legal Officer hinted that Ripple might file a cross-appeal by the second week of October. Following these latest developments, XRP’s price plummeted to 10.1%, trading at $0.5435 as of late. This leaves market players and whales wondering about XRP’s near-term trajectory. Sentiment remains mixed: while some token holders continue holding on to XRP, hoping for another surge, others are offloading their holdings amidst the uncertainty. Some analysts suggest that the SEC appeal could shake XRP’s price further. But that’s not the end of the story. Big players are moving hefty amounts of XRP onto exchanges. It’s a move that signals sell-offs, adding to the growing tension around XRP’s price. As Ripple’s fate hangs in the balance, crypto whales are turning their attention to new altcoins like JetBolt (JBOLT) with truly distinctive features that could disrupt the Web3 space. Crypto Whales Shift Focus to New…

---

Filed under: News - @ October 3, 2024 4:23 pm