Whales Move Millions of XRP Tokens Amid Recent Court Ruling

• Judge released her ruling on the parties’ petition to exclude expert evidence. 
• Whales have traded over 364 million XRP, approximately worth $135 million.

The most recent verdict in the US SEC vs. Ripple litigation may cause XRP prices to surge. On Monday, U.S. District Judge Anastasia Torres released her ruling on the parties’ petition to exclude expert evidence. 

The ruling from the court indicated that the parties’ application was granted in part and refused in part, with both Summary Judgement and the trial still being options. Nevertheless, the solicitor for the defendants in the XRP litigation has stated that the judge ruled in their favor.

Whales Awaiting Optimistic Ruling

According to the information given by WhaleAlert, cryptocurrency “whales” have traded over 364 million XRP (approximately worth $135 million) across several exchanges. There was a transfer of 144 million XRP tokens (about $53.5 million) which was the biggest one ever recorded by the tracker.

The tracker did, however, record a transaction involving 100 million XRP tokens sent from a wallet called “Ripple” to an unidentified wallet, valued at $37 million USD.

According to the numbers, cryptocurrency behemoths purchased 75.6 million XRP tokens (about $18 million value) in many separate transactions. The greatest accumulation transaction recorded by the tracker, however, was the addition of XRP tokens from the Bitso crypto market at a value of $15.4 million. Furthermore, 34 million XRP were withdrawn from the Binance cryptocurrency exchange, which is equivalent to around $12.3 million.

The value of XRP has increased by 4% in the last day. Lately, the average price is about $0.377. However, in the midst of the current price increase, a crypto whale descended to the depths to unload its XRP holdings. The 45 million XRP held by the whale wallet was transferred to the Bitstamp cryptocurrency market, valued at $16.62 million.