• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Recent XRP Transaction Activities by Ripple and Speculations on SEC Settlement

user avatar

by Giorgi Kostiuk

2 years ago


Recent XRP Transaction Activities by Ripple

At the beginning of this month, the crypto world was shaken by a significant move from Ripple transferring 1 billion XRP coins from the escrow wallet.

This maneuver sparked speculation that progress may be on the horizon in the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).

With 1.3 billion XRP now in accessible wallets, the crypto community is abuzz with anticipation regarding the outcome of this lawsuit.

Recent XRP Transaction Activities by Ripple

Whale Alert, a leading platform known for tracking large crypto transactions, reported that the company had moved XRP in extraordinary amounts within just two hours.

The company transferred 1.1 billion XRP to various wallets and then placed 800 million XRP back in escrow.

According to Coinspeaker reports, during this brief period, Ripple moved 200 million XRP to one wallet, 300 million XRP to another wallet, and 500 million XRP to a third wallet.

Following these transfers, the company secured 500 million XRP in one wallet and 300 million XRP in another, totaling 800 million XRP placed in escrow.

Furthermore, the company also added another 100 million XRP to one of these wallets, increasing its balance to 300 million XRP.

Overall, the transactions involved the transfer of 1.1 billion XRP to accessible wallets, with 800 million XRP then secured in escrow, leaving an accessible balance of 300 million XRP.

In a series of subsequent transactions an hour later, Ripple sent 500 million XRP to one wallet and split another 500 million XRP between two additional wallets.

Speculations on SEC Settlement

The recent series of XRP transactions has triggered speculation about the potential settlement in the long-standing legal battle between Ripple and the SEC.

While Ripple routinely manages XRP held in escrow, the recent transfer of an additional 300 million XRP to transaction wallets has garnered significant attention from the crypto community.

This activity coincides with the penalty phase in the Ripple vs. SEC lawsuit. Both parties have presented their positions on the penalties related to the alleged securities violations by Ripple.

The SEC is pushing for a total penalty of $1.95 billion, including $876 million for disgorgement, an equal amount in civil penalties, and $198 million in pre-judgment interest. In contrast, Ripple argues that the civil penalty should be limited to only $10 million.

The legal confrontation between Ripple Labs and the SEC has been ongoing for over three and a half years. The SEC accuses Ripple and its executives of violating securities laws by selling XRP without proper registration.

Significant developments in 2023, such as the court ruling that Ripple's automatic sales were not investment contracts, have weakened the SEC's position.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Market Analyst Predicts Bitcoin Bottom Range

chest

Market analyst Rafael predicts Bitcoin's bottom range to be between $46,000 and $54,000 based on historical data.

user avatarLuis Flores

Crypto Analyst Predicts Bitcoin's Path to Recovery in 2026

chest

A detailed forecast by crypto analyst Aralez outlines Bitcoin's potential price movements throughout 2026, indicating a gradual recovery after a bearish phase.

user avatarArif Mukhtar

Japan's Regulatory Reforms Boost Bitcoin ETF Prospects

chest

Japan's regulatory reforms may pave the way for the approval of a Bitcoin ETF, potentially attracting up to $3.1 trillion in investments.

user avatarMaria Gutierrez

US Spot Bitcoin ETFs Struggle with Outflows Amid Market Corrections

chest

US Spot Bitcoin ETFs are experiencing significant outflows amid market corrections, with investors withdrawing approximately $433 billion over 13 consecutive trading days.

user avatarDavid Robinson

Uncertainty Grows for CLARITY Act Passage in 2026

chest

Uncertainty grows for the CLARITY Act passage in 2026 as Alex Thorn of Galaxy Digital revises the probability from 75% to 60% due to a crowded Senate schedule.

user avatarAndrew Smith

US Treasury Secretary Discusses Strategic Bitcoin Reserve Progress

chest

US Treasury Secretary Scott Bessent provided an update on the Strategic Bitcoin Reserve initiative, highlighting the complexities of establishing the reserve due to Bitcoin being a new technology.

user avatarJacob Williams

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.