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Millionaire XRP Holders Reach Historic Peak While Ripple-SEC Battle Enters Unexpected Phase

  • The XRP ledger has seen a surge in activity, with a significant increase in daily active wallet addresses.
  • Santiment's data shows a 743% rise in active addresses on the XRP ledger in the past week.
  • There has been a rise in XRP whales, with 2,708 unique wallet addresses now holding at least 1 million XRP tokens for the first time in over 12 years.
  • The development signifies a bullish trend for XRP amid the ongoing Ripple-SEC legal battle.
  • Ripple and the SEC have filed a joint status report to the Second Circuit Court, requesting a hold on appeals until August 15th.
  • Pro-crypto attorney Bill Morgan noted that the SEC's request for an extension is unsurprising, given the ongoing legal proceedings.
  • Despite a minor 5% dip from the previous week, XRP has managed to stay above the $2 price level, currently trading at $2.16.

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