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Record number of XRP whales

After Ripple's court success against the SEC, whales seem to have stockpiled XRP in a big way.

By Luc Vesters
• 2 min read
Record number of XRP whales

After Ripple's court success against the SEC, whales seem to have stockpiled XRP in a big way. View post on X, there is a new record number of wallets owning between one and ten million XRP. Together, these wallets now manage about seven billion XRP tokens, which is worth more than four billion dollars.

On social media, the ruling was also a hot topic. According to Santiment, posts about Ripple reached their highest level since January. The verdict was handed down this week in the four-year lawsuit between the U.S. stock market watchdog SEC and Ripple.

It discussed whether the company had violated securities laws by selling XRP tokens. The court now ended the case with a $125 million fine. Ripple celebrated this as a victory. The SEC had originally demanded two billion dollars. The XRP share price skyrocketed after the verdict.

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