In accordance to blockchain recordsdata, an XRP stash consisting of over $50 million of tokens has arrived on high U.S. crypto swap Coinbase.
In recent hours, Whale Alert reported that 16,594,920 XRP price $50,715,884 had been transferred from an unknown pockets to Coinbase in a single transaction.
🚨 🚨 🚨 16,594,920 #XRP (50,715,884 USD) transferred from unknown pockets to #Coinbasehttps://t.co/ffVNzqz1ge
— Whale Alert (@whale_alert) August 23, 2025
This comes as XRP sees elevated whale job amid recent market trends, especially within the Ripple SEC lawsuit. The markets surged on Friday as Fed Chair Jerome Powell left the door beginning on the attainable for a rate decrease at Fed’s September meeting. XRP likewise rose, gaining virtually 8% at one point.
In a separate tweet, Whale Alert reported the circulation of 35 million XRP, which had been swapped between wallets whose identity stays unknown. Whale Alert reported, “35,000,000 XRP price $108,112,187 had been transferred from unknown pockets to unknown pockets.”
Ripple case at final over
Passe federal prosecutor James K. Filan, who tweets out facts about the Ripple SEC lawsuit, has shared a recent replace about the excessive-profile litigation.
In what at final seals the case as closed, the 2d Circuit has accredited the Joint Stipulation of Dismissal of respective appeals filed by every parties Aug. 7.
On Aug. 15, the SEC filed its website file with the Court docket of Appeals, noting that the parties have filed a Joint Stipulation of Dismissal of the appeals, which became looking forward to approval by the Court docket.
Now that the Joint Stipulation of Dismissal has been accredited by the 2d Circuit, the Ripple case is deemed officially closed, ending the virtually five twelve months litigation.
In December 2020, the SEC filed a lawsuit against Ripple, alleging it bought XRP as unregistered securities. Ripple scored a salvage within the case as Ruling District Think Torres determined that XRP is just not a security in and of itself.
