CandleFocus XRP Whale Scoops 105M Tokens as Court Orders in Ripple's Favor
2024-11-15
Author: Content Editor
In a significant transfer, a large XRP holder moved 105 million XRP tokens from Binance to an undisclosed wallet following a court ruling in favor of Ripple Labs. The transfer, worth approximately $76.5 million, suggests the holder's intention to capitalize on the positive outcome of the lawsuit. The ruling granted final judgment in favor of Ripple Labs, XRP II LLC, and its CEO Brad Garlinghouse, dismissing claims of unregistered securities sales and control by Ripple and Garlinghouse. The court has set a trial date for remaining claims on January 21, 2025, while pretrial activities are suspended until further notice. The transfer has sparked speculation within the XRP community.
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