XRP is one of the fastest gaining digital currencies, with a 24-hour growth of 3.67% and a year-to-date growth of over 50%. A number of market whales have been noticed to move millions of XRP coins over the past 24 hours, as seen by the insight of crypto analytics platform Whale Alerts. One particular move involved 98,697,364 XRP tokens worth more than $50 million that changed hands from two unidentified wallets. Additionally, over 20 million XRP tokens have been moved from an unknown wallet into Bitstamp, making investors think about the possible intentions behind the movement.

The sale of assets to enjoy minor gains of a rally is increasingly common among whales and retail investors. However, it won't be enough to cause a shift in the price of the asset unless the majority of holders decide to sell. Despite the possible sell-offs, XRP is expected to remain stable and its price might even rise in the near future. This projection is owed to Ripple's legal battle with the U.S. Securities and Exchange Commission (SEC), which has seen individuals and institutions accumulate the digital currency anticipating a favourable judgement.

Meanwhile, Ripple's XRP is set to become the world's first publicly traded blockchain token as it undergoes a pre-IPO registration process with the U.S. SEC. With this process, the world of finance opens up to cryptocurrency investors and traders in a new way, with the process of global adoption made easier along the way.



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