XRP News: XRP, Ripple’s native token price is down about 10% in the past 7 days due to increased selling pressure in the market. However, crypto whales have taken the opportunity to add more XRP to their large wallets. Meanwhile, some surprising XRP lawsuit news has eased several speculations.
Big blow to Ripple in XRP lawsuit?
Attorney James Filan said that attorney Nicole Tatz, counsel for Ripple CEO Brad Garlinghouse, has filed a motion with the court. A motion from Tatz stated that she is stepping down as Garlinghouse’s counsel because she will no longer be associated with the law firm.
Filan added that all other Ripple counsel and defendants will remain the same in the XRP lawsuit.
Coingape reported that the attorney has inquired about what the SEC’s next move in the case might be. Jeremy Hogan said the commission could reconsider the summary judgment before appealing it. However, he is not sure that SEC would appeal after a loss.
Whale Moves Ripple’s Token Amid Price Dump
According to WhaleAlert data, crypto whales have moved more than 675 million XRP tokens in the past 24 hours. Whales have moved about $232 million worth of XRP tokens.
A whale wallet added 62.3 million XRP (worth about $21.7 million) from the Bitso crypto exchange.
Meanwhile, whales moved more than 170 million XRP (about $58 million) from their wallets to crypto exchanges to make a profit. This could be the possible reason behind the price drop.
Ashish believes in decentralization and has a keen interest in the development of Blockchain technology, the cryptocurrency ecosystem and NFTs. He aims to create awareness around the growing crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching a thriller or exercising outside. Reach me [email protected]
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This post Ripple CEO counsel withdraws from lawsuit; Whales move 675 million XRP
was published first on https://coingape.com/xrp-news-ripple-ceos-counsel-withdraws-from-lawsuit-whales-move-675-million-xrp/