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Cryptocurrency News Articles
title: Whale investors are accumulating XRP after U.S. President Donald Trump announced the creation of a strategic crypto reserve
Mar 05, 2025 at 01:00 am
Whale investors are accumulating XRP after U.S. President Donald Trump announced the creation of a strategic crypto reserve, which includes XRP. Whale Alert reports that 25 million XRP moved from Upbit to an unidentified wallet.
U.S. President Donald Trump's announcement of a strategic crypto reserve has sparked interest among whale investors, leading to a massive accumulation of XRP.
As part of his broader strategy to counter the threat of China, President Trump revealed the creation of a crypto reserve. The administration is planning to invest in major cryptocurrencies like Bitcoin, Ethereum, and XRP.
Trump's statement on X, formerly known as Twitter, caused immediate reactions. The price of XRP experienced an instant surge of 35%. The asset's market sentiment also tends to improve when asset holders, especially large-scale investors called “whales,” perform such large transfers.
According to data from Whale Alert, 25 million XRP moved from Upbit to an unidentified wallet. The financial worth of the transaction reached $67.3 million at the time of press.
The recent price hike can be attributed to speculations about institutional investor involvement that will accelerate XRP adoption.
Meanwhile, there are rumors circulating online that the Securities and Exchange Commission (SEC) might drop its lawsuit against Ripple before the week ends.
If the lawsuit against Ripple ends within the next seven days, experts anticipate that XRP will climb to $14. However, if the case drags on for another six months, the price of XRP is expected to decrease to $0.3.
The SEC recently filed a notice of voluntary dismissal against Consensys, the company behind the popular cryptocurrency wallet MetaMask.
This decision comes as the regulatory body faces pressure to review its cases and stop interfering in the industry.
Crypto traders and investors are closely following these events and analyzing any changes in the market price of XRP.
In other developments, Judge Analisa Torres's prior rulings indicate that XRP will not be classified as a security in the upcoming verdict.
This ruling poses a setback for the SEC's enforcement plans and presents a barrier for regulators who need to prove the security nature of XRP to gain market value.
However, if the court rules in favor of the SEC, it could have a significant impact on the cryptocurrency market in the U.S.
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