$55,463,200 XRP Stuns Coinbase Right After Ripple v SEC Finale
Main Idea
A significant transfer of 16,684,298 XRP (worth $55.46 million) occurred on Coinbase shortly after the Ripple v. SEC legal settlement, potentially signaling market reactions to the verdict.
Key Points
1. 16,684,298 XRP tokens (valued at $55.46 million) were moved to Coinbase within 24 hours of the Ripple v. SEC settlement.
2. The timing of the transfer coincided with XRP's price surge to $3.38, following the resolution of its regulatory uncertainty.
3. The transfer involved multiple cold wallets, each holding approximately 16.5 million XRP, suggesting coordinated activity.
4. Market observers noted such large movements often precede increased trading activity, especially after major news events.
5. The settlement marked a pivotal moment for XRP, clearing regulatory hurdles and potentially boosting liquidity.
Description
XRP floods Coinbase with $55,463,200 right after Ripple v. SEC final verdict delivered
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