A Ripple whale has purchased 18.78 million XRP worth $27.2 million from crypto exchange Binance. This move comes amidst updates in Ripple Labs’ ongoing legal battle. The California District Court has expedited proceedings in the In re Ripple Labs Inc. Litigation, and Ripple is currently facing a pending relief claim tied to the ongoing appeals.
The lawsuit, which focuses on alleged losses incurred by XRP holders, appears to be nearing its conclusion. Ripple’s fortunes have improved alongside XRP’s market rally, with the cryptocurrency reaching its year-to-date high of $1.62 and trading at $1.45 with a 30% weekly gain. Pro-XRP attorney Jeremy Hogan speculates that the case could wrap up by spring or early summer of 2025.
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<p>The post Ripple Whale Scoops Up 18.78 Million XRP Amid Ongoing Legal Battle first appeared on CoinBuzzFeed.</p>
