đ„XRP Whales Bag 74M Coins As Ripple Vs SEC Case Nears Conclusion
đ 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.
đ 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.
âïž 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.
