Ripple whales went into operation again after the big rise! While the XRP price has gained 100% value since the last week; the rise worked best for them! Here are the latest Ripple news and the latest developments in the case...
Ripple whales carried 110 million XRP!
After the positive developments in the Ripple case, the whales who took advantage of the rise did not stop again. A popular account that tracks major whale transactions has detected massive transfers of XRP between several crypto platforms in the past 24 hours.
Ripple whales are on the move again!
According to the data shared by Whale Alert; In the past 24 hours, 110 million XRP tokens have been moved between major and minor exchanges.
While these transactions are taking place, the fourth-largest cryptocurrency has reached a new $1.96 mark for the first time since January 2018.
$211 million worth of XRP transferred between crypto exchanges!
According to recent tweets by Whale Alert, in the last 24 hours Binance, Huobi An incredible $211,039,307 token transfer took place between Bitstamp and some smaller platforms.
The largest of the transactions took place between Bitfinex, Kraken, Binance and Huobi. Bitfinex, 20 million XRP to Kraken exchange; Binance, on the other hand, shifted 20 million coins to Huobi.
Other transactions were relatively small:
- Coinbase moved 3.4 million XRP between their wallets.
- About seven million XRP transferred internally and between UpBit and Binance. Small exchanges also carried large amounts of XRP.
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Giant dump from Ripple founder!
Ripple co-founder Jed McCaleb has removed 100.8 million XRP from his wallet since April 4 to launch. Nine major transactions were carried out, with a total of more than 100.8 million XRP moved from the wallet owned by Jed McCaleb, called Tacostand.
The crypto community predicts it will sell the rest of the eight billion XRP by August.. However, if he gets his daily sales to 40 million XRP, McCaleb could empty his wallet long before that.
This is the first time he’s seen this level since 2018! Why is Ripple rising?
Earlier today, the fourth-largest cryptocurrency touched the level of$1.96 on the Binance exchange.
Currently, XRP is the same as it recorded on January 4, 2018. Still trading far from its all-time high of $3.84. However, the positive developments in the Ripple case may give more momentum to the price of the asset.
So that; Ripple has recently won legal victories in a lawsuit filed by its main investor, Tetragon, and against the US Securities and Exchange Commission. and there was a new development in the lawsuit that was settled in favor of Ripple on March 17, 2021.
After the Delaware Supreme Court rejected Tetragon’s request to take its funds from Ripple, it is now clear that $ 3,463 million in legal costs are awarded to British investment firm Tetragon Financial Group. Also, a few days ago, Ripple CEO Brad Garlinghouse and former CEO Chris Larsen filed separate petitions with the court to dismiss the lawsuit filed against them by the SEC.
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Again, recently, the court accepted the request from the Ripple wing that the SEC should also reveal documents related to Bitcoin and Ethereum.. This development hailed as Ripple’s first victory.
Another positive development was the SEC’s decision regarding the request to submit personal financial records of Brad Garlinghouse and Chris Larsen.. The court dismissed the SEC’s request, stating that it was not relevant to the present case.
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