Ripple With the company recently removing 500 million XRP tokens from escrow accounts, the community began to speculate that the dispute with the SEC would be resolved.
The first transaction released 200 million XRP worth $123.63 million, while the second transaction involved 200 million tokens worth $183.89 million.
As we reported as Koinfinans.com, most of the speculations are made by the United States Securities and Exchange Commission (SECIt revolves around the ongoing legal battle between ) and Ripple.
Some XRP Community members speculate that Ripple may have unlocked the tokens to pay its legal fees in the ongoing SEC case. However, some members believe that the surprise unlocking indicates that a settlement in the SEC and Ripple case is on the horizon. Members with this idea claim that Ripple plans to sell the coins to settle with the regulatory body. does.
#Ripple released 500M #XRP from escrow today and it’s not the 1st of the month… very atypical … 👀🤔🧐
You know what that probably means (Settlement incoming?!?) 🎉🚨
NEWS CONTINUES BELOWThat’s approx. $300M settlement (1/6 of original settlement amount from #SEC). Masterful Negotiating! pic.twitter.com/SVlT6HjTy5
— TheJNelsonWay (@thejnelsonway) April 12, 2024
Ripple’s Latest XRP Unlocking Looks Suspicious
According to the document, SEC and Ripple legal counsel plan to hold settlement discussions ahead of the pre-trial conference scheduled for April 16, 2024.
Some users pointed out that it seemed suspicious that the transaction took place a day after the SEC held a closed-door meeting. This meeting took place on April 11.
Source : The Crypto Basic