Whales have been actively accumulating and growing their holdings by purchasing at bargain
According WhalesStats, the top 500 BSC whales are currently hodling XRP worth $18,030,448. The XRP token wrapped on the BNB chain (formerly known as BSC) has become one of the main assets held by this group of whales.
Whales have been actively accumulating and growing their holdings by purchasing at a bargain in response to the tumultuous trading action seen since the beginning of 2022. XRP whales holding between 1 million and 10 million XRP continued their accumulation binge, as reported by U.Today in late May.
Over the past week, digital assets have shown slight signs of recovery after falling precipitously, driving XRP up 16% on June 24. At press time, the price of XRP was $0.366, down 1.28% from the previous day. and up 13.69% from the previous week.
Ripple’s approach praised by Singaporean regulator
Sopnendu Mohanty, the chief fintech officer of the Monetary Authority of Singapore (MAS), mentions Ripple in a LinkedIn post. This time, Mohanty praised the leadership of some of the largest companies in the industry while summarizing his thoughts at the Point Zero Forum in Switzerland.
In his words, Mohanty said, “Leaders in the Crypto/Token space (Ripple and others) are fully committed to creating secure and sustainable innovation, solving real problems, and identifying real economy opportunities. It is encouraging to see clarity from CEOs on the need to create a responsible and compliant industry. The future is on the right track,” he continued.
Brad Garlinghouse, CEO of Ripple, continues to reaffirm that his company’s financial situation is strong enough to support the hiring of “hundreds” of additional employees around the world.
Ripple SEC Lawsuit Updates
In recent updates shared by defense attorney James K. Filan“Notice of filing for the official June 7, 2022 conference transcript has been filed. This is not the transcript itself. Parties may request redactions and it is stated that the transcript will be public in 90 days I suspect we’ll get it sooner.”
On June 7, Federal Judge Sarah Netburn held an in-person conference call to discuss the release of the emails of former SEC official William Hinman.
