Several large XRP transactions spotted while Ripple celebrates victory over SEC
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Cryptocurrency tracker Whale Alert, which monitors large crypto transactions and shares their details on its website and on the X platform, has detected three major transfers, which moved a massive amount of The transferring of almost $60 million worth of XRP took place after San Francisco-based Ripple blockchain juggernaut announced its final victory over the U.S. Securities and Exchange Commission in court. This development has got XRP whales to show more activity as they purchased millions of coins on top cryptocurrency exchanges.Whale Alert mentioned above spreads the word about whales shoveling three massive XRP chunks.
The victory was in managing to reduce the initial fine of $2 billion demanded by the Securities and Exchange Commission of fines and penalties. Ripple urged the court to reduce this gargantuan amount to just $10 million. The judge, however, found a golden medium, obliging Ripple to pay the SEC $125 million worth of civil penalties.Reacting to this bullish event, XRP staged a mammoth 26% price surge in three large consecutive green candles on an hourly chart. The coin jumped from $0.50065 to $0.
The crypto X community is also celebrating along with Ripple, stating that the SEC proclaimed XRP to be a non-security after four long years of the expensive lawsuit. Festive XRP posts are popping up on X here and there.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects.
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