Whale has withdrawn 12 million XRP to an unregistered wallet, while XRP is staging a rise of 6.50%
According to Whale Alert, approximately four hours ago, 12,000,000 XRP tokens were moved from Bittrex to an anonymous crypto address.
It happened while the sixth largest cryptocurrency, XRP, has demonstrated a price spike of 6.50%, as per data shared by CoinMarketCap.
12 million XRP leaves Bittrex
Whale Alert tweeted that an anonymous whale moved 12,000,000 Ripple-affiliated XRP tokens to an unregistered address. This amount of crypto includes $10,422,657.
Detailed data from the Bithomp platform has shown that the unregistered wallet in fact belongs to the South Korean exchange Upbit.
SEC staff don’t expect to win the case
As U.Today reported in early March, SEC Commissioner Hester Peirce believes some agency staffers don’t believe the SEC can achieve the outcome they wanted when they hired the SEC. case against Ripple Labs in December 2019.
However, even with these rumors, the founder of CryptoLaw, John Deaton, stated that he does not expect the case to be settled in March.
XRP remains attractive for investors
Still, XRP remains attractive to investors as the coin seems to stay at the $0.8 level without falling, printing small bullish moves at times.
At the time of writing, XRP is trading at $0.8878, showing a price increase by 6.50% over the past 24 hours.
