XRP: How Ripple’s IPO speculation is triggering whale activity on the chain - Aliens: AI Crypto News & Markets Updates
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XRP: How Ripple’s IPO speculation is triggering whale activity on the chain

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AMB Crypto

Thu, May 26, 2022

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Aliens TLDR

The ever-lasting lawsuit between the U.S regulators (SEC) and Ripple directly or indirectly has affected XRP holders over the years.

One of the main reasons why XRP barely has crossed the $1 mark.

At press time, XRP remained under the $0.4 mark with a fresh 2.5% correction.

Defendant (Ripple) has been on an offensive streak while battling out the American regulatory watchdogs (SEC).

These dominant buyers hold their highest percentage of the asset’s supply in two months.

“XRP Network whales holding between 1M and 10M $XRP have collectively been accumulating, and now hold their highest percentage of the asset’s supply in two months.

Ripple chief Brad Garlinghouse met with Georgia Prime minister Irakli Garibashvili and vice prime minister Levan Davitashvili to discuss Georgia’s “vision on future of blockchain & regulation”.

Ripple would explore the possibility of an initial public offering once its lawsuit ends, CEO Brad Garlinghouse told CNBC.

Speaking about their plans for a public listing, Ripple CEO Brad Garlinghouse said : “I think we want to get certainty and clarity in the United States with the U.S. SEC.

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