Massive XRP lumps were moved after Ripple CEO's bgarlinghouse optimistic words on XRP in Davos2023
The rest of the transfers carried 34,700,000; 33,000,000 and 28,000,000 XRP. Here, Bitso crypto exchange, a unicorn based in Mexico and one of Ripple's major On-Demand Liquidity partners, moved 34,700,000 XRP internally as it has often been doing recently, as it is actively spreads the usage of OLD in Latin America.The other two lumps of XRP were shoveled by whales from Bittrex exchange to Bitstamp and Bitso.
As reported by U.Today earlier, during the recent World Economic Forum in Davos that began on Jan. 16 and is to end today, Jan.20, Ripple chief Brad Garlinghouse gave several interviews, sharing his take on the much-expected potential end of the legal suit against Ripple from the SEC and XRP token. In particular, he stated that since the lawsuit began during the last few days of 2020, Ripple signed up a lot of new customers, who did not fear the possible consequences of the court decision, and the majority of them was outside the U.S. With billions of transactions made by Ripple monthly,over 50% of them. Many XRP users on Twitter took this as a positive signal, although the coin remains in the $0.39 price range.
Brad stated that all the necessary materials have been submitted and briefed for the judge, and now she will take as long as necessary to make a decision. Garlinghouse does not expect a settlement with the SEC to happen, but he expects the end of the suit to take place in the first half of this year, or at least before the end of 2023.
Overall, Garlinghouse stated that despite the current bear market, he is bullish on crypto in the long run and would like to stay away from any short-term price predictions. The utility of crypto, he believes, is going to grow fast.
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