On December 22, Whale alert, a blockchain data tracker, tweeted that a huge amount of XRP tokens were transferred from unknown wallets to Bitstamp exchange. Meanwhile, XRP was recorded as one of the most used smart contracts among the top 500 BSC whales in the last 24 hrs.
The data tracker reported that 45,000,000 XRP which is worth $15,596,743 was transferred from unfamiliar wallets to Bitstamp exchange. According to CoinMarketCap, XRP price went up by 0.92% in the past 24 hours at $0.34.
Santiment behavior analytics platform for cryptocurrencies tweeted that XRP whales and sharks recently bought many coins. “XRP network whale and shark addresses that share the 1M to 10M $XRP tier have been rapidly accumulating to end 2022. In December, both the amount of these sized addresses 1,617 and their percentage of supply held 7.23%,” Santiment tweeted.
Matt Hamilton, Ripple’s former director of developer relations, announced upcoming developments on XRP Ledger. He revealed that the blockchain will soon introduce smart contracts currently in the “development process.”
Ripple Scores Minor Win In Ongoing Legal Battle With SEC
By allowing the firm to redact documents connected with Daubert motions, Judge Analisa Torres favored Ripple, . Ripple and SEC submitted a joint motion to extend the time until January 13, 2023, to file the Daubert motions.
James K. Filan, a defense lawyer, tweeted, “Both parties file joint motions for an extension of time, until January 13, 2023, to file the Daubert Motions and accompanying exhibits on the public docket with redactions consistent with the court’s December 19, 2022 sealing ruling.”
Almost two years have passed since Ripple faced lawsuit filings by the United States Securities and Exchange Commission (SEC). The SEC sued Ripple Labs Inc at the end of 2020 for marketing XRP tokens on its platform. The SEC stated that it comes under unregistered securities.
SEC accused Larsen and Garlinghouse of illegally trading XRP and not registering it as a security. The SEC added that Ripple profited from non-cash transactions, and they pushed investors to pay in XRP to increase their token sales. From 2013 to 2020, Ripple Labs Inc raised its capital to $1.3 billion by selling XRP tokens on the platform.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2022/12/25/xrp-enters-the-list-of-top-used-smart-contracts/