New critical developments are coming to the agenda every day in the crypto money markets. Today, the movement in the popular altcoin is on the agenda. Exactly 1,5 billion dollars worth of crypto money has moved. What does this mobility mean before the big development? Will the sale start? Details of transfers and expectations.
$ 1.5 Billion Has Moved! Pay Attention to This Altcoin Before the Big News!Time is running out now. Crypto money investors can see a big movement in this altcoin.
18:207 December 2022
New critical developments are coming to the agenda every day in the crypto money markets. Today, the movement in the popular altcoin is on the agenda. Exactly 1,5 billion dollars worth of crypto money has moved. What does this mobility mean before the big development? Will the sale start? Details of transfers and expectations.
Ripple’s local cryptocurrency XRP continues its negative course as the selling pressure in the global cryptocurrency markets continues. The price of Bitcoin is below the $ 17,000 level, and the sell-off in altcoins is deepening as hopes for a recovery are fading. The latest developments regarding the ongoing case in Ripple have had a positive impact on the price. So much so that its competitor ADA Coin managed to surpass XRP. However, Ripple and the SEC are seeking a Summary Judgment in their favor. Despite the complexity of the process, experts expect a conclusion in the case before the end of the first three months of next year.
According to data provided by WhaleStats, more than 4 billion XRP tokens were moved in multiple transactions. The data shows that about $ 1.5 billion worth of XRP was moved from the Bittrex crypto exchange to an unknown wallet. This move may be connected to the case that is expected to be concluded. Although Ripple executives claim that there is no relationship of Decency between XRP and their companies, investors have been thinking differently since XRP was launched.
XRP Coin Review
The largest transaction recorded by the tracker was a 500 million XRP transfer worth 190 million units moved from the exchange. So what position do the whales take in this process? According to current data, the big whales have moved more than $ 143 million XRP, this may indicate a live purchase demand. The XRP price has fallen by 20% in the last 30 days. XRP finds buyers at $ 0.37 at the time of writing. Although XRP is facing a lawsuit filed by the US SEC, it has a market capitalization of over $19 billion. In other words, investors’ hopes for the outcome of the case remain.
The landmark lawsuit between Ripple and the SEC has filed briefs with the U.S. district judge, urging him to Decertify the Summary Judgment in their favor. The files asked Judge Analisa Torres not to move the case to trial. Ripple’s General Counsel Stuart Alderoty stated that this is just the beginning of the end in the SEC case. Although the Bitcoin price will support the XRP decline in the short term, the case development may bring the rise in the medium term.
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