XRP Whales Shift 153M Coins As SEC Files Appeal In Ripple Lawsuit
The post XRP Whales Shift 153M Coins As SEC Files Appeal In Ripple Lawsuit appeared on BitcoinEthereumNews.com.
XRP whales nabbed significant investor attention on Friday, moving hundreds of millions of coins in light of the latest development in the Ripple vs SEC lawsuit. On-chain data indicated nearly 153 million coins shifted by whales as the U.S. SEC filed for a ‘notice of appeal‘ against Judge Analisa Torres’ final judgment in the Ripple lawsuit. Meanwhile, XRP price took heat, mirroring a negative market sentiment across the broader industry in light of the SEC’s appeal and recent whale activity. XRP Whales Transfer 153M Coins Sparking Speculations As SEC Files Appeal According to the blockchain transaction tracker Whale Alert’s data, three XRP whale transactions occurred over the past day, resulting in the shuffling of over 153 million coins. As per the data, two transactions illustrated dumps to crypto exchanges, whereas one showed funds shifted between unknown wallets. The renowned whale address …Rzn shifted 30.38 million coins, worth $15.99 million, to the crypto exchange Bitso. Simultaneously, the same address shifted 19.22 million XRP, worth $10.12 million, to Bitstamp. Further, it’s worth mentioning that the wallet address r9s…nxL shifted 104.38 million coins, worth $54.66 million, to another new unknown wallet, sparking investor speculations. Primarily, these transactions have set off waves of discussions among market participants as the U.S. SEC filed a notice of appeal against Judge Torres’ final judgment in the XRP lawsuit. The appeal states that the plaintiff SEC “hereby respectfully appeals to the United States Court of Appeals for the Second Circuit from the final judgment entered by this Court on August 7, 2024.” Simultaneously, pro-XRP attorney Bill Morgan took to X recently, revealing how the appeal poses a significant setback for the community as it comes just at the brink of a bull run. Morgan claims that the SEC sued the American blockchain payments company “just at the start…
Filed under: News - @ October 4, 2024 7:20 am