Fintech giant Ripple continues to transfer large amounts of XRP to Bitstamp
against the appeal request recently submitted by the SEC regulator to the court.
The security regulatory agency of the U.S. appealed against the recent ruling of Judge Analisa Torres, who stated that XRP sales on secondary markets conducted by Ripple do not qualify as security sales, unlike the XRP the company sold to financial institutions.Anon whale moves another 424 million XRP lump
Aside from the recently spotted XRP sales conducted by Ripple, the aforementioned crypto tracker also noticed 424,872,287 XRP worth a staggering $213,298,147. This is yet another transfer of XRP of this size made over the past few weeks. These transactions that move more than 424 million XRP are conducted between wallets marked by Whale Alert as"unknown," and they cannot be traced by the XRP-focused Bithomp analytics company either.
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