More than half billion XRP transferred by traders as XRP price spikes and Crypto Twitter discusses potential victory of Ripple in court
According to a report by tracking service Whale Alert, approximately 663 million XRP tokens have been transferred by traders from one exchange to another in the past 24 hours.
Half of this massive XRP amount was shifted in two lumps – 350 million and 100 million coins. Meanwhile, over the past 24 hours, the price of the Ripple-affiliated token has jumped 12%, showing the anticipation of the crypto market toward the company’s potential victory in court against the SEC.
663 million XRP shoveled by the whale
Six transfers, minimum 30,000,000 and maximum 350,000,000 XRP, were seen by Whale Alert since yesterday morning. These massive transfers were made between wallets based on the Bittrex, Bitstamp and BitGo exchanges.
A total of 73,300,000 XRP was shifted by Bitso internally. South Korean platform Bithumb moved 100,000,000 XRP between two of its own wallets.
“Breaking Bad” actor Moncada bets on Ripple’s win
Earlier today, Daniel Moncada, one of the cast members of the popular American film series “Breaking Bad”, joined the discussion on Ripple and the SEC case initiated by crypto influencer David Gokhshtein.
The former congressional candidate asked his army of followers if they think that Ripple crypto giant is going to win the case against the securities regulator. Moncada stepped in, tweeting “yes ser” in response. He did not add any thoughts on that in particular but rather expressed the general opinion that has been in the air around Crypto Twitter for the past couple of weeks.
Ripple’s significant victory in court
Now, Ripple has scored a minor victory as the SEC lost over privilege claims over Hinman documents in the case against the blockchain firm. The price of XRP increased by about 12%. Now, the entire crypto community is watching the matter as carefully as ever, with their fingers crossed for Ripple to win.
Many have been stating that should Ripple Labs beat the SEC, it would become a major driver for XRP, Ripple and the whole crypto space. If Ripple loses, other coins may become further targets for the SEC, some on Crypto Twitter believe.
