Coin

<ul class="news-points"> 
 <li>Ripple’s CFO has filed a declaration supporting the firm’s motion to seal its omnibus letter motions.</li> 
 <li>A whale transferred 280 million Ripple shortly after the CFO’s filing.</li> 
 <li>XRP jumped 2.5% on Tuesday following significant whale activity.</li> 
</ul> 
Ripple’s Chief Financial Officer (CFO) Jonathan Bilich has filed a declaration in support of Ripple’s motion to seal the firm’s recently filed omnibus letter motions. Ripple filed the letter on May 13 to seal critical details regarding the remedies-related documents. Following the CFO’s filing, the XRP ecosystem experienced a significant transfer of tokens, leading to a price impact on the embattled altcoin. 
Following the recent filing, onchain data reflected that nearly 280 million XRP changed hands between Ripple and a centralized exchange (CEX). According to details from the blockchain tracker Whale Alert, a crypto whale moved 279.97 XRP from an unknown wallet to an address on the Bitstamp crypto exchange.&nbsp; 
Whale Alert’s report showed the transaction happened in installments, with the last tranche involving a transfer of 29.97 million XRP from the unidentified wallet to Bitstamp. 
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The post <a href="https://coinedition.com/xrp-jumps-2-5-following-a-filing-by-ripples-cfo-in-the-ongoing-litigation/">XRP Jumps 2.5% Following A Filing By Ripple’s CFO in the Ongoing Litigation</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

XRP Jumps 2.5% Following A Filing By Ripple’s CFO in the Ongoing Litigation

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