XRP Whales Amass Tokens as SEC vs. Ripple Announces New Date: Is the End Near?

While the SEC vs. Ripple lawsuit moves towards a new date, XRP whales are on a buying spree. This accumulation comes at a critical juncture as the Ripple vs SEC case's final ruling looms. Are they betting on a positive outcome?

Recent data points to a significant surge in XRP holdings among large investors. XRP whales have scooped up more than 74 million tokens in the past 24 hours, signaling strong confidence in the digital asset's future. According to Santiment, XRP whale and shark addresses are holding more and more XRP, indicating a strategic accumulation.

Blockchain tracker WhaleAlert has revealed a substantial transfer of 37.39 million XRP tokens—equivalent to roughly $16.06 million—from a large XRP holder to an undisclosed address. Such large transactions are typical of whale activity and often precede significant price movements.

The heightened whale activity coincides with updates in the SEC vs. Ripple case. Legal analysts suggest the case is in the process of wrapping up, according to Fox Business reporter Eleanor Terrett. This fuels speculation that a resolution is on the horizon.

The big question remains: what happens next? If Ripple and the SEC drop their appeal, it could pave the way for clearer regulatory guidelines and potentially boost XRP's price. The whales seem to be positioning themselves to capitalize on any positive developments. Keep checking back for updates as this story unfolds.