Amid speculations of a looming Ripple SEC settlement in the XRP lawsuit, on-chain metrics have once again sent tongues wagging across the broader industry. Today, July 17, nearly 195 million coins were recorded to be transferred to and fro exchanges, among which 150 million were moved from Ripple. This chronicle has gained significant traction across the crypto industry, as XRP currently shows signs of a bull run.
Here’s an overview of the Ripple Labs-backed digital asset’s current on-chain statistics, which have echoed a buzz across the crypto horizon.
150M Ripple Transfer & 45M Whale Dump Amid SEC Settlement Speculations
Intriguingly, the crypto market is abuzz with talks of a looming settlement between Ripple and the SEC in the XRP lawsuit. Pro-Ripple lawyers Bill Morgan and Fred Rispoli have already commented on their expectations of a final judgment in the remedies briefing by the end of July or early August.
In the interim, the American blockchain payments company’s nat
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