Ripple Moves 100 Million XRP Amid SEC Appeal Speculation
Ripple’s recent transfer of 100 million XRP has stirred market buzz as the SEC hints at a possible appeal in the ongoing lawsuit.
- Ripple’s Major XRP Move: Ripple moved 100 million XRP (worth $54 million) to an unknown address amid ongoing legal battles with the SEC.
- SEC’s Appeal Speculation: The SEC is likely to file an appeal against the stay order granted by Judge Analisa Torres, which paused Ripple’s $125 million settlement.
- Whale Activity: Whale Alert data shows significant transactions, including a 31.12 million XRP purchase by an unknown address and a 56 million XRP sale to Bitstamp and Bitso.
- XRP Price Update: XRP fell nearly 3% to $0.5392, struggling to maintain support at the $0.56 level. Market sentiment remains uncertain as the legal case unfolds.
Ripple’s actions and the SEC’s appeal considerations have heightened market intrigue, impacting XRP’s price movements and investor sentiment.
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