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- 1 Australia, soon to rule the Ripple (XRP) environment, moved to third position in the 75K XRP holders list.
- 2 The news was released by John Deaton, the pro-XRP lawyer, spotting the fueling of Australia in the crypto space.
A tweet from the pro-XRP lawyer, John Deaton on September 10, spread joy among the Australian community. The post was regarding Australia’s positioning in the list of XRP holders. The nation secured the third position in the 75K XRP holders list.
Take a look at the reason behind the victory.
Current Stats and Competition
Ripple’s legal battle with the United States Securities and Exchange Commission (SEC) is on fire. The result of the 75K XRP holders list took Australia to the top of the list. The nation secured third position in the list following the United States and the United Kingdom.
The tweet from John Deaton revealed the position of Australia in the Ripple’s race.
According to John Deaton, around 53% of the 75K XRP holders are from the United States whereas the second position is secured by the United Kingdom. Australia surpassed Canada with a very small lead, securing third position in the list. There was tough competition between both countries. With a lead of 11 holders, Australia won the battle with Canada.
Australia’s battle with the SEC began in 2020 and is still ongoing, filing an interlocutory appeal in reply to Judge Analisa Torres’s ruling back in July 2023. The movement of Australia to the third position may result in reimbursement for XRP holders.
Focusing on the current price and performance, XRP is standing at $0.4736, a decline of 4.0% in the past 24 hours with a market cap of $25 Billion. Volume determined in the past 24 hours is approximately $1.3 Billion, an upsurge of 136.25%.
Reason Behind the Victory
John Deaton’s tweet was the response to the Australian XRP Community’s post about the arriving XRP Gold Coast 2024 conference. As the speaker, the conference will be led by Deaton.
With the theme of ‘A Wave of Innovation’, the conference aims to increase the attention of attendees towards the XRP and XRPL ecosystem. Also, the conference promises to be more than just an industry experts’ gathering. The conference will offer a platform to uncover the universe of blockchain technology and XRPL Ecosystem.
In addition, the conference has arranged community events in different cities, offering investors the chance to boost interest in the network.
The support and popularity of XRP in the Australian market is growing rapidly. The XRP Gold Coast 2024 conference grasped the interest of individuals towards the XRP ecosystem. With time, the number of XRP investors grew, reaching over 75,000 on Deaton’s list.
The 75K list shows that XRP investors will be able to seek compensation if the price of XRP were to decline as a result of the regulator’s actions.
Conclusion
In the legal battle with the SEC, Australia surpassed Canada, securing third position in the 75K XRP holders list. The news was revealed by pro-XRP lawyer John Deaton as a response to the upcoming XRP Gold Coast 2024 conference.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
