XRP Whales Accumulate 642 Million Near $1 Amid Regulatory Easing Expectations

Large XRP holders have been accumulating over 642 million of the asset near the $1 level in anticipation of easing token fundraising rules from the U.S. Securities and Exchange Commission (SEC).

The accumulation has helped defend XRP's price, with the market interpreting it as a sign that institutions and high-net-worth investors are gaining momentum.

Ripple is also accelerating its fundraising efforts, having secured $475 million in debt financing over the past three months through Hidden Road infrastructure.

The SEC has proposed exempting eligible token issuers raising $75 million or less a year from registration requirements and released a safe-harbor provision for tokens that meet certain technical milestones.