Ripple Whales Buy 642M XRP Tokens as SEC Simplifies Token Registration

The US Securities and Exchange Commission (SEC) recently published a proposal to simplify token registration, which has triggered institutional whale accumulation in XRP. This move has exempted eligible token projects from strict registration requirements when raising up to $75 million per year.

According to TradingView, large XRP holders have collectively acquired more than 642 million tokens near the psychological $1 level since August 1st. During this period, wallets holding between 1 million and 10 million XRP accumulated 380 million coins, increasing their combined holdings to 8.13 billion tokens.

The number of large XRPL transactions worth over $1 million jumped 280% on August 17-18, exceeding 38 transactions per day amid an influx of active addresses.

Ripple Prime, the company's brokerage subsidiary, completed its debut private placement of $275 million in unsecured bonds due in 2031. The debt securities carry an 8.25% coupon and received a BBB investment-grade rating from KBRA.