XRP Whales Move 230 Million Coins as Ripple vs. SEC Lawsuit Nears Conclusion
• XRP whales have transferred 230 million XRP, worth over $109 million, in the past 24 hours, stirring speculations about the cryptocurrency's future price movements as the Ripple vs. SEC lawsuit nears its conclusion.
• The lawsuit, which involves potential fines of approximately $2 billion, has seen a recent development in Judge Torres' ruling that XRP secondary sales are not considered securities, shifting the balance in Ripple's favor.
• While one whale dumped 30.93 million XRP to Bitstamp, another moved 200 million coins to an unknown wallet, leading to mixed sentiments in the market.
• XRP's price has shown a positive trend, gaining 1.39% over the past day to trade at $0.4802, supported by increased whale accumulations and the favorable legal developments.