Whales dump 81 million XRP after Ripple cross-appeals SEC case

The recent actions of Ripple XRP whales have attracted considerable attention in the cryptocurrency market. Millions of coins have been dumped following Ripple’s counter-appeal. On-chain data has shown that whales have moved 81 million XRP coins to cryptocurrency exchanges in the last 24 hours. While this significant trade has raised concerns of a sell-off, XRP remains green, up more than 2% in the last day. Whales dump 81 million XRP, raising concerns in the market Despite growing optimism following Ripple’s counter-appeal, XRP whales have resumed their selling. Whale Alert data shows that whales have dumped 85.56 million XRP to cryptocurrency exchanges. According to the data, two unknown whale addresses have moved 81 million coins to crypto exchanges Bitso and Bybit. The first unknown wallet address, rGd…p1K, transferred 52 million XRP worth $27.83 million from Bybit.