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XRP Whales Dump 114M Coins to CEXs Ahead of Ripple's $125M SEC Settlement

WBOY
Release： 2024-08-31 00:07:41
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XRP whales have again taken the broader crypto market by storm, dumping hundreds of millions of tokens ahead of Ripple's $125 million settlement in the SEC lawsuit.

XRP Whales Dump 114M Coins to CEXs Ahead of Ripple's 5M SEC Settlement

Key Takeaways:

XRP whales have shifted a total of 114.34 million coins to centralized crypto exchanges.

The massive dumps come ahead of Ripple’s $125 million settlement payment, due in 9 days.

Despite the dumps, XRP price analysis remains bullish, with predictions of a $27 target.

In the backdrop of the SEC’s lawsuit against NFT marketplace OpenSea, Ripple CLO Stuart Alderoty suggested that the regulatory body might face another loss if it continues its crackdown.

On the other hand, XRP price today trades in the red, aligning with the massive dumps and broader market movement.

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