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Ripple, the company behind XRPL (XRP) core development and its largest token holder, is preparing its treasury for February sales. Onchain data reveals Ripple has reserved 300 million XRP from the 1 billion unlocked on February 1. At these prices, the amount is worth $795 million. Finbold retrieved the transaction history from XRP Scan , which shows the labeled ‘Ripple (1)’ account receiving the tokens. This is a known pattern that repeats monthly, when Ripple unlocks 1 billion XRP from the genesis distribution, reserves a fraction for its budget’s sales, and re-locks the rest for future unlocks. ‘Ripple (1)’ account | rBg2FuZT91C52Nny68houguJ4vt5x1o91m. Source: XRPScan / Finbold Precisely, the company unlocked 1 billion XRP from ‘Ripple (26)’ and ‘Ripple (27)’, but has not moved these tokens yet. Instead, this time, it used previously unlocked XRP from ‘Ripple (24)’ and ‘Ripple (25)’. Picks for you...

In a Nov. 14 post, the cryptocurrency on- chain data Analysis firm Lookon chain reports whale activity amid Ethereum price surge. Notable sales have included a $154 million profit for one whale and a loss of $183 million for another. Whale movement on chain In the thread, Lookonchain points to the whale at address “0xee47,” that has reportedly increased their Ethereum (ETH) holdings by 3,200 ETH, equivalent to approximately $6.7 million. This accumulation comes seven months after the whale initially began acquiring ETH on July 5, 2022. Presently, their holdings stand at 183,742 ETH, valued at around $387.8 million, reflecting an unrealized profit of approximately $154 million. Bullish or Bearish on $ETH? Did SmartMoneys and Whales buy or sell $ETH over the past week? 1/ Here is a thread. pic.twitter.com/8yvCO0UI9H — Lookonchain (@lookonchain) November 14, 2023 In a parallel occurrence, another whale at address “0x78D0” has been actively accumul...

In January, lawyer John Deaton persuaded the Judge in the SEC vs LBRY case that secondary LBC token sales don’t constitute a securities offering. Ripple may be holding its breath a bit longer after a United States District Judge refused to rule on if the secondary sale of LBRY Credits (LBC) constitutes a security. On July 11, New Hampshire District Court Judge Paul Barbadoro made the ruling in the case the United States Securities and Exchange Commission (SEC) brought against the decentralized content platform LBRY. The ruling may have offered legal precedent to fellow District Court Judge Analisa Torres, who is set to make a decision on the SEC’s case against Ripple in the coming months. In his ruling, Judge Barbadoro said: “Accordingly, I take no position on whether the registration requirement applies to secondary market offerings of LBC.” A secondary market is where traders buy and sell securities, while a primary market involves trading from the company issuing the security direc...