Millions in XRP Shifted As Ripple Case Options Emerge Post-Appeal Denial

Millions in XRP Shifted As Ripple Case Options Emerge Post-Appeal Denial

Blockchain tracker Whale Alert detected transfer of nearly 90 million XRP tokens.
Transferred 60 million XRP valued at $31 million to an unknown wallet.
Legal developments favor Ripple, which maintains regulatory clarity.
Blockchain tracker Whale Alert detected the transfer of nearly 90 million XRP tokens worth over $45 million recently. The shifts come as new possibilities emerge in the long-running Ripple lawsuit following a denied appeal bid.
According to Whale Alert, Ripple transferred 60 million XRP valued at $31 million to an unknown wallet. Separately, an anonymous wallet moved 29 million XRP worth $15 million to cryptocurrency exchange Bitstamp.

60,000,000 #XRP (30,985,299 USD) transferred from #Ripple to unknown wallethttps://t.co/VNiAX1u5mI
— Whale Alert (@whale_alert) October 9, 2023

The Ripple transaction likely relates to OTC trading or cross-border payments involving XRP as a bridge currency. The reasons behind the Bitstamp transfer are more ambiguous but could poi

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