Whale Moves 30M XRP After Ripple Win, XRP Named a Commodity
The post Whale Moves 30M XRP After Ripple Win, XRP Named a Commodity appeared on BitcoinEthereumNews.com. 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.” Source: Xaif Crypto The timing is pivotal because it happened after Ripple’s legal battle with the SEC officially ended, clearing XRP’s regulatory status and paving the way for greater institutional adoption and renewed investor confidence. On-chain data confirms the whale transaction occurred within minutes of the case’s final ruling. The funds were transferred from an unknown wallet to another unidentified address, triggering a flurry of activity and commentary on social media. Some analysts suggest this could be a strategic repositioning by a high-net-worth investor anticipating bullish momentum, while others warn it could signal short-term profit-taking. Xaif Crypto opined that historically, such large transactions often precede major price movements. Market sentiment has turned sharply bullish with XRP soaring to $3.36 following the settlement news, with pundits acknowledging that the 3rd-largest cryptocurrency by market cap might soon reclaim its recent all-time high (ATH) of $3.65. XRP Officially Classified as Commodity Under CFTC in Regulatory Milestone In a groundbreaking development for the cryptocurrency industry, XRP has officially been classified as a commodity under the U.S. Commodity Futures Trading Commission (CFTC), marking a historic shift in its regulatory status. This announcement follows XRP’s inclusion in regulated Event Contracts, solidifying its legal recognition within the United States financial system. The update was shared on X by Xaif Crypto, triggering widespread reaction across the digital asset space. The classification confirms that XRP will now be governed…
The post Whale Moves 30M XRP After Ripple Win, XRP Named a Commodity appeared on BitcoinEthereumNews.com.
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.” Source: Xaif Crypto The timing is pivotal because it happened after Ripple’s legal battle with the SEC officially ended, clearing XRP’s regulatory status and paving the way for greater institutional adoption and renewed investor confidence. On-chain data confirms the whale transaction occurred within minutes of the case’s final ruling. The funds were transferred from an unknown wallet to another unidentified address, triggering a flurry of activity and commentary on social media. Some analysts suggest this could be a strategic repositioning by a high-net-worth investor anticipating bullish momentum, while others warn it could signal short-term profit-taking. Xaif Crypto opined that historically, such large transactions often precede major price movements. Market sentiment has turned sharply bullish with XRP soaring to $3.36 following the settlement news, with pundits acknowledging that the 3rd-largest cryptocurrency by market cap might soon reclaim its recent all-time high (ATH) of $3.65. XRP Officially Classified as Commodity Under CFTC in Regulatory Milestone In a groundbreaking development for the cryptocurrency industry, XRP has officially been classified as a commodity under the U.S. Commodity Futures Trading Commission (CFTC), marking a historic shift in its regulatory status. This announcement follows XRP’s inclusion in regulated Event Contracts, solidifying its legal recognition within the United States financial system. The update was shared on X by Xaif Crypto, triggering widespread reaction across the digital asset space. The classification confirms that XRP will now be governed…
What's Your Reaction?
