Ripple’s significant XRP movements indicate potential SEC lawsuit settlement preparations.
Speculations arise about Ripple’s next steps as they retain 1.3 billion XRP.
Ripple unlocked 1 billion XRP from escrow on July 1, keeping 1.3 billion XRP in its spendable wallets and igniting rumors of a possible settlement in the continuing SEC dispute.
Originally moving 1.1 billion XRP to new wallets, Ripple locked 800 million XRP back into escrow. They later moved another 100 million XRP, leaving 300 million XRP available for future use.
Of course, questions develop. Is this an indication of a possible SEC lawsuit settlement? What is the endgame of Ripple here?
300,000,000 #XRP (143,204,464 USD) locked in escrow at #Ripplehttps://t.co/Pp4qipncuh
— Whale Alert (@whale_alert) July 1, 2024
Whale Alert Highlights Massive Transfers
The crypto community was previously humming with a huge 200 million XRP transaction between two unknown accounts, worth more than $100 million. Promine
