XRP Whale Switch And SEC’s Newest Transfer Raises Eyebrows

• Yesterday, the SEC filed its Reply Memorandum in Additional Assist of its Movement to Certify Interlocutory.
• Moreover, earlier right this moment, a whale transferred 97,821,325 XRP from an nameless pockets to a different nameless pockets.
• At press time, XRP was value $0.5037 after its value climbed by 0.03% over the previous 24 hours.

Yesterday, defence lawyer James Okay. Filian shared on X that the SEC has filed its Reply Memorandum in Additional Assist of its Movement to Certify Interlocutory Attraction. That is after the SEC expressed its plan to attraction Decide Analisa Torres’ choice within the U.S. District Court docket for the Southern District of New York.

Subsequently, the decide granted the SEC permission to proceed with its attraction, setting a deadline of 1 September 2023 for Ripple to current its counterarguments. The submitting made on Friday is a direct response to Ripple’s opposition memo.

The most recent improvement within the Ripple vs SEC case is just not the one purpose why XRP is a trending subject heading into the weekend. The XRP fanatic, XRP Whale, shared a submit on X earlier right this moment to announce {that a} whale lately transferred 97,821,325 XRP, value roughly $49,125,869.42, from an nameless pockets to a different nameless pockets.

In the meantime, within the final 24 hours, the remittance token noticed a modest value achieve of 0.11%, in line with CoinMarketCap. Consequently, the cryptocurrency was buying and selling at $0.5037, positioning itself nearer to its highest level prior to now day at $0.5059, moderately than its lowest level of $0.497.

Moreover, XRP demonstrated a slight enchancment in opposition to the market chief, Bitcoin (BTC), with a achieve of roughly 0.03%. However, regardless of this enhance in value, XRP skilled a decline in its 24-hour buying and selling quantity, dropping by over 14% through the previous day. Consequently, its buying and selling quantity stood at $606,787,221.

Nonetheless, the rise in XRP’s value contributed to a weekly efficiency achieve of +1.47%, pushing it additional into the inexperienced. With a market capitalization of $26,749,057,707, XRP held the fifth place among the many largest tokens by market capitalization. This positioned it between BNB within the 4th place and forward of USD Coin (USDC) within the sixth spot.

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