66.7M XRP Transfer From Binance To Unknown Wallet,Is $1 Near?
Is XRP Close To The $1 Mark? A recent move by Ripple added more to the drama. Another noteworthy event in the XRP ecosystem is the locking of significant amounts of XRP in escrow accounts at Ripple . A staggering 300,000,000 XRP (valued at $146,927,854) and another 500,000,000 XRP (equivalent to $244,748,526) have been securely held in escrow. Ripple ’s strategic move has spurred debate regarding the company’s long-term objectives and the potential impact on the XRP market. advertisement These developments coincide with the ongoing legal struggle in the United States District Court for the Southern District of New York. Ripple’s legal team recently responded to the U.S. Securities and Exchange Commission (SEC) regarding its appeal. The SEC’s appeal is primarily centered on its dissatisfaction with a previous ruling that XRP does not qualify as a security for retail investors. Ripple ’s legal team contended that the grounds for ...