Large investors and whales have taken advantage of the market selling to add their favorite tokens into their portfolios. There is an accumulation phase in every market cycle. Prices flatten, and contrarian investors look for the chance to grab discounts. WhaleStats data that tracks top 5000 ETH wallets indicates that large investors have been buying cryptocurrencies like Ethereum (ETH), Shiba Inu(SHIB), Tether ($USDT), Fantom (“FTM”), as these are among the top ten cryptocurrencies purchased in the past 24 hours.
A ETH whale has just purchased 50,736,574,302 SHIB or $1,106 564, WhaleStats crypto tracker reported that this was done just a little over two hours ago. Another whale bought 49.65 billion Shiba Inu, or $1,094,317 in value the day before. The Shiba Inu is trading slightly higher at $0.218, following a recovery in the crypto market.
A few tokens had seen gains over the past 24 hours and weekly at the time of writing. The Graph (GRT), +12.90%, Fantom (FTM), +12.60%, The Graph (GRT), +13.98%), Basic Attention Tokens (BAT), +13.98%) and IoTeX (+11.06%) all saw significant gains in the past 24 hours. Bitcoin traded up 2.48% over the day’s lows at $38,590, and was currently trading at $39,633. Bitcoin is currently attempting to break the $40k barrier again in a second attempt. 15.
Meetings Expected between Ripple and SEC
The court posted new developments in the XRP lawsuit by defense lawyer James K. Filan. It ordered Ripple defendants Brad Garlinghouse, Chris Larsen, and the SEC meet and confer to determine if additional discovery is required and to file a joint correspondence by March 23, 2022. The court will be notified by the duo of any further discovery they are seeking and a schedule.
The U.S. Securities and Exchange Commission had filed an earlier motion for a prolongation of time. According to the agency, Ripple had recently requested an extension in order to respond to its motion to strike a supplement expert report.
Ripple CEO Brad Garlinghouse stated that he was very pleased by the court’s denial of the U.S. Securities and Exchange motion to strike the defense.
Positive developments occurred over the weekend. Judge Analisa Torres denies the motion of the SEC to strike Ripple’s make-it or break-it defense. The court denied Ripple CEO Brad Garlinghouse and Chris Larsen’s twin motions for dismissal of the lawsuit against them.