• Ripple’s CFO has filed a declaration supporting the firm’s motion to seal its omnibus letter motions.
• A whale transferred 280 million Ripple shortly after the CFO’s filing.
• XRP jumped 2.5% on Tuesday following significant whale activity.

Ripple’s Chief Financial Officer (CFO) Jonathan Bilich has filed a declaration in support of Ripple’s motion to seal the firm’s recently filed omnibus letter motions. Ripple filed the letter on May 13 to seal critical details regarding the remedies-related documents. Following the CFO’s filing, the XRP ecosystem experienced a significant transfer of tokens, leading to a price impact on the embattled altcoin.

Following the recent filing, onchain data reflected that nearly 280 million XRP changed hands between Ripple and a centralized exchange (CEX). According to details from the blockchain tracker Whale Alert, a crypto whale moved 279.97 XRP from an unknown wallet to an address on the Bitstamp crypto exchange. 

Whale Alert’s report showed the transaction happened in installments, with the last tranche involving a transfer of 29.97 million XRP from the unidentified wallet to Bitstamp.

The post XRP Jumps 2.5% Following A Filing By Ripple’s CFO in the Ongoing Litigation appeared first on Coin Edition.

• Ripple’s CFO has filed a declaration supporting the firm’s motion to seal its omnibus letter motions.
• A whale transferred 280 million Ripple shortly after the CFO’s filing.
• XRP jumped 2.5% on Tuesday following significant whale activity.

Ripple’s Chief Financial Officer (CFO) Jonathan Bilich has filed a declaration in support of Ripple’s motion to seal the firm’s recently filed omnibus letter motions. Ripple filed the letter on May 13 to seal critical details regarding the remedies-related documents. Following the CFO’s filing, the XRP ecosystem experienced a significant transfer of tokens, leading to a price impact on the embattled altcoin.

Following the recent filing, onchain data reflected that nearly 280 million XRP changed hands between Ripple and a centralized exchange (CEX). According to details from the blockchain tracker Whale Alert, a crypto whale moved 279.97 XRP from an unknown wallet to an address on the Bitstamp crypto exchange. 

Whale Alert’s report showed the transaction happened in installments, with the last tranche involving a transfer of 29.97 million XRP from the unidentified wallet to Bitstamp.

The post XRP Jumps 2.5% Following A Filing By Ripple’s CFO in the Ongoing Litigation appeared first on Coin Edition.