XRP: Whales Pounce After SEC Shuts Down Ripple’s Appeal
The SEC has rejected Ripple’s appeal in their long-running court case, and whales wasted no time — scooping up millions in XRP and driving the price over 10% higher to $3.
Hopes for a lighter $125M fine were dashed as Judge Analisa Torres upheld the penalty. The SEC is expected to issue its final rejection statement soon.
Big players see this as a bottom signal. A notable $60.6M XRP transfer from Upbit to an unknown wallet points to rising institutional demand, with South Korea leading the charge.
