1. BITBILIHome
  2. Article

Whale Alert flags $33 million XRP transfer amid Ripple-SEC legal battle

• 100 views

TL;DR Breakdown

  • Whale Alert reports a significant XRP transfer of 66,666,659 tokens, valued at about $33 million, from Binance to an unknown wallet.
  • XRP has seen a surge in on-chain transactions, reaching a seven-month-high and a three-month peak in circulation.
  • Ripple transferred 300,000,000 XRP ($146,927,854) and 500,000,000 XRP ($244,748,526) into secure escrow accounts.

Description

Whale Alert, the renowned crypto tracking platform, has flagged a significant XRP transaction. A whopping 66,666,659 XRP, valued at about $33,065,809, moved from Binance to an unknown wallet. This transfer has ignited chatter about its potential market influence. But that’s not all in the XRP universe. Ripple, the company behind XRP, has been making notable … Read more

Whale Alert, the renowned crypto tracking platform, has flagged a significant XRP transaction. A whopping 66,666,659 XRP, valued at about $33,065,809, moved from Binance to an unknown wallet. This transfer has ignited chatter about its potential market influence.

But that’s not all in the XRP universe. Ripple, the company behind XRP, has been making notable transfers. A staggering 300,000,000 XRP, valued at nearly $146,927,854, found its way into a secure escrow account

 Following this, another 500,000,000 XRP, with an approximate value of $244,748,526, also went into escrow. These moves are significant, especially considering the backdrop of Ripple’s ongoing legal skirmish with the US Securities and Exchange Commission (SEC).

The legal saga saw a twist recently. Ripple’s legal team responded to the SEC’s appeal against a July verdict by Judge Analisa Torres. The ruling stated that XRP isn’t a security when sold to the public. Ripple’s attorneys countered this appeal. They stated the conditions for an interlocutory appeal weren’t satisfied. They pressed the court to either reject the appeal or put it on hold.

On the usage front, XRP is witnessing a surge. The token recorded a seven-month-high in on-chain transactions. It also saw a three-month circulation peak. These figures hint at a growing engagement in the XRP community. This could drive up demand.

However, it’s not all rosy for XRP in the market. The token is currently on a downward slide. It has seen a price dip of 0.22%. At present, it’s trading at $0.5009. Market experts have identified a support level of $0.4886 and resistance level of $0.5021.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Whale Alert flags $33 million XRP transfer amid Ripple-SEC legal battle

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月3日 03:09
Next 2023年9月3日 04:08

Related articles

  • Instagram Threads faces bot invasion and user engagement drop; Twitter’s Elon Musk mocks

    TL;DR Breakdown Instagram Threads, Mark Zuckerberg’s Twitter alternative, is forced to impose rate limits due to increasing spam attacks and bot issues, sparking ridicule from Twitter CEO Elon Musk. User engagement on Instagram Threads has significantly decreased just one week after its launch, with the number of daily active users dropping by 40% and average daily usage time falling considerably. Both Instagram Threads and Twitter have grappled with implementing rate limits, spotlighting the difficulties faced by social media giants when introducing new platforms and the need for effective strategies against bot and spam issues. Description In the heated battle for social media supremacy, Mark Zuckerberg’s recent venture, Instagram Threads, has experienced growing pains with spam attacks and bot infiltrations. The abrupt issues have prompted the introduction of rate limits to control traffic, prompting ridicule from Twitter CEO, Elon Musk. This situation has highlighted the intricate challenges that tech giants face … Read more In the heated battle for social media supremacy, Mark Zuckerberg’s recent venture, Instagram Threads, has experienced growing pains with spam attacks and bot infiltrations. The abrupt issues…

    Article 2023年7月19日

  • JP Morgan CEO Shakes the Crypto World: Decides Against Running for Office

    TL;DR Breakdown JP Morgan CEO Jamie Dimon has confirmed that he will not be pursuing a career in politics, easing concerns for the electronic currency market. Dimon’s decision brings stability to the ongoing debates on crypto regulations and allows lawmakers to focus on achieving consensus and providing clear guidelines. In a surprising turn of events, JP Morgan CEO Jamie Dimon has made a decision that sends ripples through the crypto world. Dimon, known for his skepticism towards cryptocurrencies, has announced that he will not be pursuing a career in politics anytime soon. This unexpected revelation comes as a relief to the digital assets industry, which had been speculating about the potential impact of Dimon’s political involvement on the regulatory landscape. As debates surrounding crypto regulations heat up, Dimon’s choice to stay out of the political arena provides stability while sparking new discussions about the future of the industry. Contents hide 1 Dimon’s Confirmation Provides Stability Amidst Crypto Regulatory Debates 2 Ackman’s Suggestion of Dimon as a Presidential Candidate Sparks Discussion 3 Dimon’s Stance on Crypto and the Future of Regulation…

    Article 2023年6月11日

  • Blockchain.com Secures Payment License from Singapore’s Central Bank

    TL;DR Breakdown Blockchain.com has been granted an MPI license by the Monetary Authority of Singapore, allowing it to offer digital payment token services to institutional and accredited investors. Singapore is intensifying its efforts to establish itself as a leading crypto hub, with recent regulatory decisions and a commitment of $112 million to support the fintech sector. Description In a significant move that underscores Singapore’s commitment to fostering a robust cryptocurrency ecosystem, Blockchain.com, a leading crypto exchange, has secured a payments license from the Monetary Authority of Singapore (MAS). This development not only solidifies Blockchain.com’s position in the Asian market but also highlights the city-state’s strategic approach to integrating digital currencies into its … Read more In a significant move that underscores Singapore’s commitment to fostering a robust cryptocurrency ecosystem, Blockchain.com, a leading crypto exchange, has secured a payments license from the Monetary Authority of Singapore (MAS). This development not only solidifies Blockchain.com’s position in the Asian market but also highlights the city-state’s strategic approach to integrating digital currencies into its financial framework. Contents hide 1 A Milestone for Blockchain.com 2…

    Article 2023年8月8日

  • Meta’s VR headset stands tall as metaverse hype fizzles out

    TL;DR Breakdown Meta omits mention of its metaverse platform from its most recent Quest 3 VR headset, which is filled with upgraded features and a vast gaming library. Meta’s employee reduction, Reality Labs’ large operational loss, and CEO Mark Zuckerberg’s AI focus tops centralized and decentralized markets. Starting June 4, Meta is lowering the price of Quest 2 to $299.99 USD for the 128GB SKU to help even more people access the magic of VR. According to reports, the Quest 3 VR headset from Meta was released with enhanced features and a game library. Notably, its virtual world platform, Horizon Worlds, was not mentioned, indicating a transition away from the metaverse. Reports have it that the new headset has many new features, including displays with a higher resolution and an optical profile that is 40% thinner. The new console will launch in the fall of 2023 for $499 and include over 500 game titles. However, there is no mention of Horizon Worlds, Meta’s virtual world, or the reason why the company changed its name from Facebook in late 2021. Meta…

    Article 2023年6月7日

  • Cypher Protocol successfully freezes $600,000 in stolen cryptocurrency funds on CEX

    TL;DR Breakdown Cypher Protocol froze $600,000 in stolen cryptocurrency after a security breach on August 7, where $1 million in assets were drained. The team partnered with investigators and offered a 10% bounty to the hackers but did not recover the funds. A redemption plan was introduced to support affected users. Description In a significant move to safeguard its platform, Cypher Protocol, a decentralized future exchange operating on the Solana blockchain, has successfully frozen more than half of the funds stolen in cryptocurrency during a recent security breach. As of August 18, Cypher Protocol’s team has effectively frozen nearly $600,000 in cryptocurrency, which had been unlawfully taken … Read more In a significant move to safeguard its platform, Cypher Protocol, a decentralized future exchange operating on the Solana blockchain, has successfully frozen more than half of the funds stolen in cryptocurrency during a recent security breach. As of August 18, Cypher Protocol’s team has effectively frozen nearly $600,000 in cryptocurrency, which had been unlawfully taken from various centralized exchanges.  update from cypher ~$600k has been frozen across CEXs, the return…

    Article 2023年8月19日
TOP