🌊 In a riveting turn of events, following the U.S. SEC’s recent appeal to Judge Analisa Torres surrounding a final judgment on Ripple, XRP whales appear to be on the move, shifting colossal amounts of tokens in the past 24 hours. Insights revealed by the blockchain tracker Whale Alert spotlighted over 300 million XRP coins transferred, nabbing significant investor attention as the token plunged notably today. This fueled speculations across the global crypto horizon, as the market appeared to be highly optimistic about XRP’s potential run to $1 shortly ahead. 🐋💼

💼 According to Whale Alert’s insights, three massive transactions collectively attributed to the shifting of 301.8 million XRP, worth $191.11 million. Two of these transactions showcased a renowned XRP whale’s dump to CEXs, whereas the remaining transaction showcased a colossal transfer of XRP between unknown wallets. 💰🔄

💡 This sparked a tidal wave of speculation, as the transactions emerged soon after the SEC filed for a final judgment against Ripple. This judgment includes permanent injunctions, disgorgement and prejudgment interest, and civil penalties of nearly $2 billion, as CoinGape reported earlier. 🌊💼

📉 As of writing, the XRP token’s price has dropped 2.52% in the past 24 hours and is currently trading at $0.6299. With a plunge in market cap and a decline in 24-hour trading volume of 2.42% and 12.23% today, XRP took a bearish turn within the broader crypto market. 📉💰

🔍 As seen previously, the XRP slump comes primarily attributed to the ongoing lawsuit between Ripple & the US SEC. Following yesterday’s appeal by the U.S. regulatory body, today’s slump further mirrored the consequences of legal disparity between the two. Meanwhile, with massive whales on the move simultaneously, crypto market enthusiasts expect price action shifts ahead. 💥🐋