Ripple rejects SEC’s $2b claims; whales shift to SHIB and InQubeta

Ripple counters SEC’s hefty $2 billion penalty claims as whales shift their focus to Shiba Inu and the promising AI altcoin, InQubeta.

The drama between Ripple (XRP) and the US SEC continues. The fintech company, in its final response this week, rejected the regulator’s request to recover $2 billion for institutional sales of XRP tokens.

In the company’s defense, the institutional sales of XRP tokens are much smaller—not exceeding $10 million. The lawsuit also states that the agency is bent on intimidating players in the crypto market. 

Meanwhile, in the crypto market, whales have been shifting to Shiba Inu (SHIB) and InQubeta (QUBE) in their quest for massive gains. While SHIB is a top meme with substantial growth prospects, QUBE is a new AI altcoin on bullish tracks, set to reshape the fast-rising AI sector.

InQubeta attracts rising whale interest

InQubeta (QUBE) tickling the fancy of whales comes as no surprise. Its bullish outlook as a blend of AI and crypto makes it a favorite, not to mention its significant upside potential as a new altcoin.

It recently went live on Uniswap and MEXC after a massive presale, with $13.6 million raised. As it kicks off its price discovery journey, retailers, as well as whales, have been positioning for huge gains. Buzzing with optimism, analysts predict a 30x upswing in the coming months.

Beyond the profit, it will play a vital role in the AI sector. Its crypto-based crowdfunding platform will address fundraising challenges, enabling AI tech startups to raise capital through the QUBE token. On an adoption path, it is no surprise that it has been hailed as one of the new leading crypto.

Ripple counters SEC’s $2b penalty request

In the latest twist in the Ripple (XRP) and SEC legal battle, the fintech company opposed the agency’s request for $2 billion in penalties for institutional sales of XRP tokens. It is to be recalled that in July 2023, the company won a partial victory in the lawsuit. However, it was adjudged guilty of institutional sales of XRP tokens.

As the case dragged on, the regulatory body demanded $2 billion in its final response. However, this has been duly countered by Ripple in the latest court filing. The fintech company states that the amount is much smaller and the civil fine shouldn’t exceed $10 million. 

According to Stuart Alderoty, Ripple’s Chief Legal Officer, the SEC’s allegations are based on a lost case. With indicators pointing to an end to this legal tussle, XRP has been gaining momentum. There is light at the end of the tunnel after all, with XRP positioned as one of the best coins to invest in—perhaps more compelling than the likes of Wormhole, Starknet, and DYM.

Shiba Inu is on whales’ radar

Shiba Inu (SHIB), one of the best meme coins, has been capturing the attention of large-volume investors. Or whales, in the popular crypto lingo. Its memetic appeal as a leading dog-themed coin and significant upside potential have been propelling interest.

As it gathers momentum and prepares for a big leap, Shiba Inu is one of the altcoins to watch. Its low price further adds to its appeal—a retail favorite. Whale interest is undoubtedly a bullish indicator, positioning SHIB as a good crypto to buy.

Conclusion

While Ripple rejects the SEC’s $2 billion claims, whales have been showing quite a keen interest in Shiba Inu and InQubeta. On the cusp of exploding, these are some of the leading cryptos to buy now, especially InQubeta.

To learn more, visit the InQubeta website.