💥XRP Whales Bag 74M Coins As Ripple Vs SEC Case Nears Conclusion
🐋 XRP Whale Transactions Surge
Significant XRP transactions surged, with whales acquiring over 74 million XRP tokens on July 23. Notable transactions included 26.42 million XRP ($16.02M) and 23.65 million XRP ($14.07M) from Binance to unknown wallets. Over the past week, whales have purchased over 140 million XRP, worth around $84 million, signaling bullish sentiment amid the Ripple-SEC legal battle.
📈 Bullish Sentiment Amid Legal Battle
Whales seem to expect a favorable ruling in the Ripple vs. SEC case, driving XRP's price recovery beyond $0.60. However, a whale bucked the trend by dumping 23.10 million XRP ($14.33M) to Bitstamp, although recent accumulations have limited selling pressure.
⚖️ Ripple vs. SEC Case Update
The XRP community eagerly awaits Judge Analisa Torres' decision on remedies in the Ripple vs. SEC case. Speculation about a settlement was debunked by former SEC lawyer Marc Fagel, who noted the lack of procedural steps indicating a settlement. Fagel expects a final judgment within the coming week, with Judge Torres delivering a decisive ruling on remedies and Judge Sarah Netburn addressing remaining motions.