Ripple recently filed a legal complaint against the U.S. Securities and Exchange Commission (SEC), a move that sparked significant activity from XRP whales. According to reports, approximately 81 million XRP tokens were transferred to multiple cryptocurrency exchanges, a development that attracted widespread attention and mixed reactions from investors and market analysts.

Specifically, blockchain tracking platform Whale Alert pointed out that these XRP whales made large-scale transfers to exchanges, including an anonymous account sending 52 million XRP to Bybit, and another account sending 29.56 million XRP to Bitso XRP, the total transfer amount reached 81.56 million XRP.

Despite these massive coin transfers, the price of XRP increased by 1% in 24 hours to reach $0.5357. The cryptocurrency saw volatility during day trading, with a low of $0.5239 and a high of $0.5432. This price increase comes just after Ripple filed an appeal, which seems to have boosted investor confidence, as evidenced by a 4% increase in open interest in XRP futures trading.

Recent data revealed several key pieces of information for investors: open interest in XRP futures increased significantly, totaling $711.55 million; derivatives trading volume also rose sharply by 85%, to $1.3 billion. Ripple’s legal action and Bitnomial’s lawsuit against the SEC could have a positive impact on XRP’s regulatory status. However, investor sentiment remains cautious as these large transfers cause short-term market volatility. Analysts pointed out that although Ripple's legal actions may increase the long-term value of XRP, the market's immediate reaction to this incident still needs to be closely monitored.