816 Million XRP Transfers Created Suspicion In Ripple Ecosystem

While the concerns of XRP investors continue, heavy transactions continue without slowing down.

Ripple recently experienced a big change in its lawsuit with the US Securities and Exchange Commission (SEC) .

↘️XRP Mobility While Securities Litigation
In the statement made by the judge in the Ripple case, the possibility that XRP is not a security has increased significantly. In addition, the statement that cryptocurrency exchanges will not be held responsible for XRP sales has significantly increased the belief of XRP investors that the cryptocurrency will be re-listed.

XRP price also rose as high as $ 0.60 in light of these developments and broke this month's record. This rise in the price of XRP has increased the selling pressure of names like Jed McCaleb . After Jed McCaleb sold over 200 million XRPs, a very noticeable transfer has now arrived by Ripple.

✴️750 Million XRP Transferred✴️
Ripple has transferred 750 million XRPs to another wallet. Looking at the blockchain data, the total amount of the transfer is over $ 407 million. Binance US, the US subsidiary of Binance, one of the world's largest cryptocurrency exchanges, is also included in the transfers. Binance US has been seen to transfer 70 million XRP to Ripple's leading ODL Partner Bitso and several other exchanges. XRP price corresponds to $ 0.55 at the time of transfer.

No clear statement has been made by Ripple regarding this transfer. Despite this, the SEC recently emphasized in its indictment that Ripple executives are still selling XRP.

Now, after these statements, Ripple's transfer of XRP in incredible amounts will increase suspicion and change the perspective of the court. XRP price is trading at $ 0.55 as of the time this article was written.