XRP Whale Shifts 51M XRP Coins Over Ripple’s Reply LetterTo SEC

The post XRP Whale Shifts 51M XRP Coins Over Ripple’s Reply LetterTo SEC appeared first on Coinpedia Fintech News

Ripple has filed a reply letter after US SEC’s recent opposition and has cleared its stance claiming that it has never denied paying any potential amount of penalties that may be imposed and that the financial condition data is of no relevance to the court’s analysis. Ripple has also refuted the SEC’s contention that the information provided is ‘stale’. Amidst the legal developments, a renowned XRP whale has shifted 51M XRP coins to Bitstamp and Bitso through a couple of transactions. XRP is trading turbulently and has dropped 1.11% in the past 24 hrs.