With the recent final court decision by the United States Securities and Exchange Commission (SEC) regarding Ripple and its latest appeal, the actions of XRP whales have gained attention in the cryptocurrency world. Whale Alert, a platform that monitors and shares large blockchain transactions, reported that over 300 million XRP were transferred by whales in the past 24 hours. These transfers coincided with a drop in XRP's price, sparking speculation about its future value.

Recent data reveals three significant transactions involving the transfer of 301.8 million XRP, valued at $191.11 million. These transactions involved a well-known XRP whale moving coins to centralized exchanges (CEXs) and a large transfer between unidentified wallets, reflecting mixed sentiment among whales.

The timing of these transactions, occurring after the SEC's appeal for a final decision against Ripple, has fueled uncertainty about XRP's future amidst the legal dispute. The SEC's request for penalties and injunctions against Ripple has added to the regulatory uncertainty surrounding the altcoin.

As a result of these events, XRP's price has dropped by 2.52% in the past day, trading at $0.6299. This decline in value and trading volume reflects investor concerns about XRP, exacerbated by the legal uncertainties related to Ripple and the SEC. The correlation between XRP's price movements and the legal proceedings highlights the impact of regulatory uncertainty on the cryptocurrency market.

The original content can be found in COINTURK NEWS.