Crypto Whales Move 130 Million XRP Amid Ripple-SEC Legal Developments
- Over 130 million XRP coins were transferred by crypto whales within a 24-hour period.
- A transaction of 100 million XRP, valued at $265.46 million, was moved between unknown addresses.
- An additional 30.17 million XRP, worth $80.59 million, was sent to Coinbase.
- Ripple and the U.S. SEC have filed a stipulation regarding the timeline for cross-appeal appendix submissions.
- XRP’s price increased by 7% intraday, reaching $2.75 with a daily range between $2.55 and $2.89.
The transfer of over 130 million XRP coins coincides with legal proceedings between Ripple and the SEC, as both parties agreed on a timeline for filing cross-appeal documents.
