XRP takes a bullish turn today, inspiring a crypto whale to move its $50M token to an exchange wallet. Notably, the macro events have favored the digital asset’s uptrend today, and the Ripple token has greatly benefited from it, gaining nearly a 10% price surge. Interestingly, in this case, the Ripple vs SEC lawsuit also played a significant role.
XRP Whale Transfers $50M Token to Coinbase
In an X post, the on-chain analytics page Whale Alert revealed that an individual whale has sent 16,594,920 XRP tokens to a wallet in Coinbase. Notably, this many tokens are worth more than $50M, the current XRP price, as it trades above $3 mark.
Source: X, Whale Alert
This token move comes as its recent developments in the Ripple vs SEC lawsuit fuel investors’ optimism. Moreover, the crypto market is up today thanks to Friday’s Fed Chair Jerome Powell’s Jackson Hole speech, where he left a hint for a potential interest rate cut in the future.
As a result, the Ripple token’s worth grew nearly 10% in 24 hours, currently trading at $3.03 with a market cap of $180B. The whale move is also alleged to be in attempts to take the opportunity of the ongoing uptrend, but there’s no confirmed update on the sell.
Ripple vs SEC Case End: What It Means For XRP?
For more than four years, the Ripple case has been the biggest hurdle for XRP. Its performance often tumbled due to the legal issues before finally things began to settle in late 2024. Now, as the Ripple vs SEC lawsuit came to an end after both parties’ joint dismissal at the beginning of the month, and the Second Circuit court’s approval on August 22, the hurdle shouldn’t exist anymore.
#XRPCommunity #SECGov v. #Ripple #XRP The Second Circuit has approved the Joint Stipulation of Dismissal. pic.twitter.com/v796dAtfiZ
— James K. Filan 🇺🇸🇮🇪 (@FilanLaw) August 22, 2025
For years, analysts have anticipated the XRP to hit $10, $100, or even $1,000 once the case ends. However, that is not reality, as the token still tumbles around $3, but the regulatory clarity could push it higher.
In today’s rally, an XRP whale has made the move to send its holdings to a wallet on Coinbase, in the hope of further uptrends. However, if the whale drops this large sum in the market, a downtrend may begin.
Frequently Asked Questions (FAQs)
Yes, the case is now finally over as the Second Circuit court approved the joint dismissal.
The XRP price has surged nearly 10% in the past 24 hours after the case officially ended.
Jerome Powell’s Jackson Hole speech and the Ripple case fueled the XRP price rally, inspiring investors to move to exchanges.
Pooja Khardia
Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section.
Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights.
Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry.
When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
✓ Share: