2.1 Million XRP tokens were now executed on Binance, drawing attention from the crypto community.
Vincent Van Code, a prominent voice in the cryptocurrency space on X, recently drew attention to a major transaction on Binance involving over 2.1 million XRP tokens.
Van Code’s analysis suggests that this substantial trade is indicative of growing interest from institutional investors, rather than just individual traders.
This surge in activity coincides with a significant milestone for XRP, which recently surpassed the $2 mark for the first time since 2018.
This price movement signals a renewed enthusiasm among investors, particularly as institutional players start to recognize XRP’s potential not only as an investment asset but also as a key player in blockchain-based financial services.
When a community member inquired why institutions had taken so long to invest in XRP, Van Code attributed this delay to a previously murky regulatory environment.
He noted that institutional investors are now feeling more confident due to increased regulatory clarity, particularly in light of potential changes at the U.S. Securities and Exchange Commission (SEC) under Chair Gary Gensler.
The Shifting Regulatory Landscape
XRP’s ascent has been notable, especially since the political shifts following Donald Trump’s election as President.
The momentum accelerated when rumors of Gensler’s resignation began circulating.
Gensler has been perceived as a significant obstacle for the crypto sector, often implementing policies that have deterred institutional engagement with cryptocurrencies like XRP.
This regulatory pressure has hampered the growth of the U.S. crypto landscape.
In contrast, Trump has openly supported the crypto market, pledging to position the U.S. as the global hub for cryptocurrency.
With Gensler’s anticipated departure on January 20, optimism is building around the prospect of a new administration that may adopt more favorable policies for digital assets.
This shift is already reverberating through the market, contributing to rising prices and renewed investor interest.
XRP’s Rise Among Institutional Investors
As the regulatory climate improves, institutional interest in XRP is clearly on the rise.
A number of asset managers have recently filed applications to launch exchange-traded funds (ETFs) for XRP, and the introduction of the WisdomTree XRP ETP in Europe further underscores this trend.
These developments indicate a growing appetite for XRP among institutional investors, who are starting to view it as a versatile asset with significant long-term potential.
As the political landscape evolves, this interest is expected to deepen.
Moreover, Ripple, the company behind XRP, has been instrumental in promoting its adoption.
By collaborating with financial institutions worldwide, Ripple aims to position XRP as a practical solution for efficient and cost-effective cross-border payments.
This dual role—as both a trading asset and a functional payment mechanism—makes XRP increasingly appealing to institutional players.
Given these dynamics, the recent large transaction on Binance may be just the beginning of a series of similar investments as XRP continues to gain traction and recognition in the financial world.
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Also Read: Analysis: Here Is Where XRP Is Headed At The Moment
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