Whale Splashes 30M XRP After Ripple Scores Legal Win – XRP Crowned a Commodity
Main Idea
A whale moved 30M XRP following the resolution of the Ripple vs SEC case, coinciding with XRP being classified as a commodity by the CFTC, signaling a shift in regulatory status and potential institutional adoption.
Key Points
1. A whale transferred 30M XRP (~$99.8M+) immediately after the Ripple vs SEC case concluded, sparking bullish market sentiment.
2. XRP's price surged to $3.36, with expectations it may reclaim its all-time high (ATH).
3. The CFTC officially classified XRP as a commodity, aligning it with Bitcoin and Ethereum under regulatory frameworks.
4. This classification allows XRP to be traded as derivatives on regulated U.S. platforms, potentially increasing institutional engagement.
5. The timing of the whale transaction and regulatory milestone highlights XRP's transition from regulatory uncertainty to institutional legitimacy.
Description
XRP Whale Makes Bold Move In a dramatic shake-up of the crypto market, a whale moved 30M XRP in a single transaction just moments after the Ripple vs SEC case officially ended, fueling intense speculation, according to analyst Xaif Crypto. Taking on X, formerly Twitter, the analyst pointed out , “Moments after the SEC vs Ripple case finally ended. A whale just moved 30 MILLION XRP (~$99.8M+) in a single transaction.” The timing is pivotal because it happened after Ripple’s legal battle with the ...
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