In keeping with blockchain knowledge, an XRP stash consisting of over $50 million of tokens has arrived on prime U.S. crypto change Coinbase.
In latest hours, Whale Alert reported that 16,594,920 XRP price $50,715,884 have been transferred from an unknown pockets to Coinbase in a single transaction.
🚨 🚨 🚨 16,594,920 #XRP (50,715,884 USD) transferred from unknown pockets to #Coinbasehttps://t.co/ffVNzqz1ge
— Whale Alert (@whale_alert) August 23, 2025
This comes as XRP sees elevated whale exercise amid latest market developments, particularly within the Ripple SEC lawsuit. The markets surged on Friday as Fed Chair Jerome Powell left the door open on the potential of a fee lower at Fed’s September assembly. XRP likewise rose, gaining almost 8% at one level.
In a separate tweet, Whale Alert reported the transfer of 35 million XRP, which have been swapped between wallets whose identification stays unknown. Whale Alert reported, “35,000,000 XRP price $108,112,187 have been transferred from unknown pockets to unknown pockets.”
Ripple case lastly over
Former federal prosecutor James Okay. Filan, who tweets out details about the Ripple SEC lawsuit, has shared a latest replace concerning the high-profile litigation.
In what lastly seals the case as closed, the Second Circuit has authorised the Joint Stipulation of Dismissal of respective appeals filed by each events Aug. 7.
On Aug. 15, the SEC filed its standing report with the Courtroom of Appeals, noting that the events have filed a Joint Stipulation of Dismissal of the appeals, which was awaiting approval by the Courtroom.
Now that the Joint Stipulation of Dismissal has been authorised by the Second Circuit, the Ripple case is deemed formally closed, ending the almost 5 12 months litigation.
In December 2020, the SEC filed a lawsuit towards Ripple, alleging it offered XRP as unregistered securities. Ripple scored a win within the case as Ruling District Decide Torres determined that XRP will not be a safety in and of itself.
