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Ripple's XRP Becomes Top Choice Among BSC Whales


coingape.com 14 July 2022 15:02, UTC
Reading time: ~2 m

XRP, Ripple’s native token’s price growth has lagged behind due to the long running vital lawsuit with the US SEC. Meanwhile, after the recent ruling in the case, XRP token has landed as the top choice of the biggest BSC whales.

BSC whales hold $15 mln worth of XRP

According to the whaleStats, Ripple’s XRP token was one of the most used smart contracts among the top 1000 and 500 BSC whales in the last 24 hours. It added that the now the top 2000 BSC whales are holding around $15.09 million worth of XRP tokens.

This whale activity took place around after the big announcement related to the Ripple Vs SEC lawsuit. Judge Netburn denied the commission’s assertions over Himan’s infamous ETH speech. The court asked the SEC to produce those internal documents.

It added that the authority needs to produce the 2 proposed redactions for an in-camera review. Meanwhile, the XRP lawyer suggested the SEC will now be appealing the decision to Judge Torres. The commission can also request a 1-2 week extension to file the objection.

Bitrue lends support for Ripple pairs

However, Bitrue, cryptocurrency exchange announced that it has extended its support for the XRP. It mentioned that it will be listing 10 new XRP pairs for the users. The platform will be adding base pairs for cryptocurrencies MANA, SAND, ALGO, BTTC, HBAR, AAVE, CHZ, DENT, APE and AR.

XRP is one of the cryptos whose prices stood stable amid the recent collapse. Its price shows a marginal increase of 1% in the past 30 days. On the other hand, the largest crypto, Bitcoin price has dropped by around 10% in the same period of time.

XRP prices have surged by over 3% in the last 24 hours. It is trading at an average price of $0.3149, at the press time. XRP has recorded a 24 hour trading volume of $1.11 billion. However, it is still holding a total market cap of over $15.22 billion.

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