cryptocurrency soared on Wednesday as investors grew hopeful that Ripple, a company closely associated with the token, would win its prolonged legal battle with the U.S. Securities and Exchange Commission.
Traders pointed to a supplemental notice submitted by Ripple on Monday which pointed to a ruling in a separate case concerning Binance.US' rescue plan for collapsed crypto lender Voyager Digital. Under the plan, Binance's U.S. unit was to buy all of Voyager's assets, including its native VGX token, in a $1.3 billion deal.
No. It jumped because there’s an airdrop from a token on the ledger (XCORE) and it’s given free to XRP and Sologenic owners so this is FOMO to get free tokens (some of which will be sold after the airdrop that takes place after the 24th)
They’re not investors though - just greasy speculators. The P in XRP stands for Ponzi.
The founder must have been a Machinist's Mate in the Navy.
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