2024

Billion

<ul>
 <li><strong>Ripple’s significant XRP movements indicate potential SEC lawsuit settlement preparations.</strong></li>
 <li><strong>Speculations arise about Ripple’s next steps as they retain 1.3 billion XRP.</strong></li>
</ul>
<p>Ripple unlocked 1 billion XRP from escrow on July 1, keeping 1.3 billion XRP in its spendable wallets and igniting rumors of a possible settlement in the continuing SEC dispute.</p>
<p>Originally moving 1.1 billion <a href="https://www.crypto-news-flash.com/ripple-news-xrp-approved-for-global-transfers-by-dubai-despite-sec-legal-battle/" rel="noopener noreferrer nofollow">XRP</a> to new wallets, Ripple locked 800 million XRP back into escrow. They later moved another 100 million XRP, leaving 300 million XRP available for future use.</p>
<p>Of course, questions develop. Is this an indication of a possible SEC lawsuit settlement? What is the endgame of Ripple here?</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f512.png" alt="🔒" class="wp-smiley" style="height: 1em; max-height: 1em;"> 300,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (143,204,464 USD) locked in escrow at <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ripple</a><a href="https://t.co/Pp4qipncuh" rel="noopener noreferrer nofollow">https://t.co/Pp4qipncuh</a></p>
 <p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1807893653882314847?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 1, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="strong-whale-alert-highlights-massive-transfers-strong"><strong>Whale Alert Highlights Massive Transfers</strong></h2>
<p>The crypto community was previously humming with a huge <a href="https://www.crypto-news-flash.com/whats-behind-ripples-mysterious-200-million-xrp-transfer/" rel="noopener noreferrer nofollow">200 million XRP</a> transaction between two unknown accounts, worth more than $100 million. Prominent crypto-tracking tool Whale Alert recently reported other transactions carried out in two waves.</p>
<p>The first batch moved one billion XRP to three separate wallets. Not too long later, 800 million XRP locked once more in escrow. Ripple freed 500 million XRP and distributed further in the second wave of transactions, leaving 1.3 billion XRP separated for any liquidity needs.</p>
<p>These notable XRP fluctuations have spurred debates on a prospective SEC vs. Ripple litigation settlement, recently entering the remedies phase.</p>
<p>While Ripple contends for a far smaller charge, the SEC requests a whopping $1.95 billion penalty. Public and financial speculation points to these behaviors as perhaps indicating readiness for a settlement agreement.</p>
<p>With a <strong><span style="color: #339966;">0.96%</span></strong> increase over the past 24 hours, <a href="https://www.crypto-news-flash.com/battle-with-sec-heats-up-ripple-xrp-holds-strong-at-0-47/" rel="noopener noreferrer nofollow">XRP’s</a> price at the time of writing is at <strong>$0.4856</strong>, according to CoinMarketCap. This price movement could be a reflection of the market’s expectation of a possible outcome in Ripple’s benefit.</p>
<p>Previously, CNF highlighted Ripple’s rise as a <a href="https://www.crypto-news-flash.com/ripple-wins-big-in-xrp-vs-sec-case-as-non-security-status-becomes-law-of-the-land/" rel="noopener noreferrer nofollow">major winner</a> in the XRP. The non-security status of XRP becomes the “Law of the Land.”</p>
<div class="cryptoboxes" id="mcw-345586" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="xrp" data-symbol="XRP" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>

Ripple Unlocks 1 Billion XRP from Escrow: Settlement Ahead?

Table of Contents

Crypto News Flash

Other articles published on Jul 2, 2024

U.S. Marshals Service Awards Coinbase Prime Contract for Crypto Asset Management

DeFi.Gold Releases Public Alpha of NFT Marketplace with Ordinals Support

Crypto: Solana’s “Liquid Staking” is Booming – Investors are Flocking

Dogecoin’s Surge in Trading Volume Sparks Bullish Momentum in Crypto Markets

XRP July Prediction: Impending Legal Win Can Propel Price Beyond $1

Ethereum Co-founder Rolls Out Game-Changing Feature To Accelerate ETH Transactions

Join our free newsletter for daily crypto updates!