Recent transfer of 70 million XRP has drawn attention from the crypto community, particularly due to its timing on the eve of a crucial date for Ripple.
Significant XRP Transaction
Crypto analyst JackTheRippler reported a transfer of 70 million XRP, valued at approximately $150.36 million, between two unknown wallets. In his post on X, he emphasized, 'Something significant is unfolding behind the scenes before April 16, a crucial date for the SEC and Ripple!'
Expectations for April 16
The XRP community had widely anticipated a court filing by Ripple on April 16, which would address the SEC’s appeal of Judge Analisa Torres’ 2023 ruling affirming that XRP sales on public exchanges did not violate securities laws.
Shifts in SEC Strategy
Despite expectations, legal analyst Fred Rispoli clarified that there was only a 10 percent chance that a filing would occur on April 16. He noted that the case is currently being handled across two courts, and no updates can proceed until the appeal is resolved or withdrawn.
The transfer of 70 million XRP underscores how closely analysts and major holders monitor the progress of the case and potential changes in SEC strategy toward digital asset regulation.
