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Coin Edition 2025-02-17 18:10:00

Whales Accumulate 60 Million XRP In What Might Be A Positive Signal

Whales Accumulate 60 Million XRP In What Might Be A Positive Signal

60 Million XRP swooped up by whales in a single day SEC scheduled a closed meeting on February 20 SEC has acknowledged Grayscale’s application to convert its XRP Trust into a spot ETF Today, crypto analyst Ali Martinez shared a chart on X showing that whales have acquired 60 million XRP in the last 24 hours. Given the amount spent, this is a strong indicator of institutional and large-scale investor confidence in XRP’s future performance. XRP has been quite the topic in the crypto world due to the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) over the classification of XRP. Everyone’s on their toes waiting on what will happen next as the SEC scheduled a closed meeting on February 20. However, some progress has already been made. For instance, on February 13, 2025, the SEC acknowledged applications from asset manager Grayscale to list and trade an XRP exchange-traded fund (ETF). This acknowledgment initiates a review process and is seen as a positive signal, suggesting the SEC’s potential openness to regulated XRP investment vehicles. This has led to speculation that the agency may reconsider its po… The post Whales Accumulate 60 Million XRP In What Might Be A Positive Signal appeared first on Coin Edition .

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