According to Whale Alert, over the past 24 hours, nearly 663 million XRP tokens have been transferred by traders from one exchange to another. Half of this massive XRP amount was shifted in two lumps – 350 million and 100 million coins. Meanwhile, over the past 24 hours, the price of the Ripple-affiliated token has jumped 12%, showing the anticipation of the crypto market toward the company’s potential victory in court against the SEC.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 350,000,000 #XRP (152,130,717 USD) transferred from unknown wallet to unknown wallethttps://t.co/T5wQaOs345
— Whale Alert (@whale_alert) September 29, 2022
Six transfers, carrying a minimum of 30,000,000 and a maximum of 350,000,000 XRP, were spotted by Whale Alert yesterday morning. These hefty transfers were made between wallets based on the Bittrex, Bitstamp, and BitGo exchanges. A total of 73,300,000 XRP was shifted by Bitso internally. South Korean platform Bithumb moved 100,000,000 XRP between two of its wallets.
Earlier today, one of the actors from the cast of the popular U.S. film series “Breaking Bad,” Daniel Moncada, joined the discussion of Ripple and the SEC case initiated by crypto influencer David Gokhshtein.
The former congressional candidate asked his army of followers if they thought Ripple crypto giant would win the case against the securities regulator. Moncada stepped in, tweeting “yes sir” in response. He did not add any thoughts on that in particular but rather expressed the general opinion that has been in the air around Crypto Twitter for the past couple of weeks.
Now, Ripple has scored a small victory as the SEC lost out on privilege claims over the Hinman documents in the case against the blockchain firm. The price of XRP reacted by surging by roughly 12%. Now, the whole crypto community is watching this case as attentively as ever, their fingers crossed for Ripple to win. Many have stated that should Ripple Labs beat the SEC, it would become a major driver for XRP, Ripple, and the whole crypto space. If Ripple loses, other coins may become further targets for the SEC, some on Crypto Twitter believe.
Read more:
- XRP Holder Representative On Ripple’s Major Achievement And Next Steps In Battle With SEC
- XRP’s Three-Month Social Activity Is On The Rise, Recording 1.95 Billion Social Engagements
- If Ripple Beats SEC In Court, It Will Have Crucial Meaning For Entire Crypto Space