Did they have advance knowledge of the Ripple-SEC ruling, or was it savvy speculation? XRP
This sequence of events has prompted questions about potential insider knowledge, but it's also possible that the whale was speculating based on public information or market trends.The dramatic price movement followed US District Judge Analisa Torres' summary judgment verdict, which says that some XRP sales did not constitute a securities offering. proclaiming it a win for the U.S. crypto industry as a whole.
Stu Alderoty, Ripple's legal counsel, argued that the court's decision establishes that the digital asset itself is not an investment contract. According to CoinGecko data, the 24-hour trading volume stands at approximately $13.6 billion, showcasing the high trading activity and interest the digital token has attracted following the pivotal court ruling.
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