Ripple’s recent battle with the SEC has thrown the crypto world into a whirlwind of speculation and debate. As rumors swirl around possible insider trading and price movements, the narrative takes an intriguing turn with questions swirling about the ethical cornerstones of cryptocurrency. Were there whispers months prior to the moment when Ripple’s CEO declared a significant legal victory? And with some analysts raising the alarm bells regarding XRP’s valuation, could we see a dramatic dip in the token’s worth? Join me as we unwrap these crucial developments and explore the nuances of the XRP saga that you simply can’t afford to ignore. LEARN MORE.
Woes of insider trading, some technical warnings for XRP’s price, amid a number of other interesting developments for Ripple – news that you can’t miss.
Was there XRP insider trading prior to CEO announement of SEC victory?
According to a recent research by Santiment, large XRP wallets inccreased their holdings by around 6.5% in the two months leading up to the announcement that the SEC had dropped its appeal against the company.
In addition to that, this period also saw a sixfold increase in unique wallet activity on the Ripple network, which contrasts wit user outflows on other blockchains.
However, it’s a stretch to say that there was insider trading, because the news was widely anticipated as some experts even said that it was priced in ever since Donald Trump won the elections in November last year.
Time to short XRP?
Some are of the opinion that the XRP token might as well be overvalued, given that a lot of the catalysts for a positive price move have already happened, begging the question if it’s time to short it.
