Wallet Addresses Holding Ripple’s XRP Crosses 4,600,000

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Wallet Addresses Holding Ripple’s XRP Crosses 4,600,000

  • Messari, a crypto data library, has revealed stats revealing addresses.
  • Ripple and the SEC have been locked in a pivotal court battle.

Ripple’s legal battle with the SEC has not slowed the adoption of its native token, XRP; there are now more than 4,600,000 wallet addresses holding XRP. Messari, a crypto data library, has revealed stats revealing addresses owning the digital currency.

Over the course of almost two years, Ripple and the SEC have been locked in a pivotal court battle. Nevertheless, recent events indicate the current debate may be resolved pretty soon as the native token approaches the milestone.

Ripple vs. the US Securities and Exchange Commission (SEC) is perhaps the most consequential legal battle in the history of the crypto space. As a result, the dispute may ultimately shape how digital assets are designated in the years to come. To be more precise, explaining why certain things merit inclusion in a security definition and others do not.

Investors Optimistic Over Outcome

With these legal actions, the number of wallet addresses holding Ripple’s native token, XRP, has now reached 4,600,000. Moreover, according to Messari’s released statistics, over 38,000 unique addresses have now purchased the token in question within the last day.

According to CMC (NS: CMC ), the current price of XRP is $0.37. With a market worth of $19.28 billion, it has been trading at a range of around $0.379 during the last 24 hours. On the other side, the impending verdict in the Ripple case may have an impact on those values.

One possible explanation for the influx of new XRP addresses is rising confidence in the outcome of the lawsuit. A decision may be made within the next month since the SEC was just compelled to provide the Hinman Speech records. For this reason, as we approach a pivotal March for the token, buyers are showing interest.

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