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Over 356 Million XRP Shuffled By Whales As Ripple-SEC Case Winds Down

The movement of the sixth-largest cryptocurrency by market capitalization XRP is getting more intense as crypto whales and members of the XRP community expect a conclusion in the longstanding legal tussle between the SEC and Ripple Labs Inc.

Shortly after Ripple’s Chief Executive Officer Brad Garlinghouse shared his optimism regarding the XRP lawsuit ending in the first half of 2023, crypto whales have moved millions of the XRP Ledger native currency. 

Within the last 24 hours, XRP whales shifted 356,794,839 XRP in just four transactions involving different unknown wallets and some popular centralized exchanges. Using the exchange rate at the time of the individual transactions, roughly $140 million ($139,926,205) in value was moved using the carbon-neutral XRP Ledger network. 

XRP XRP $1.45
+2.74%
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