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Ripple Rejects SEC’s $2 Billion Claims; whales shift to SHIB and InQubeta

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Ripple counters SEC’s $2 billion fine claims as whales shift focus to Shiba Inu and promising AI altcoin InQubeta.

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

In the company’s defense, institutional sales of XRP tokens are much smaller: no more than $10 million. The lawsuit also states that the agency aims to intimidate players in the crypto market.

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

InQubeta is attracting increasing interest in whales

InQubeta (QUBE) tickling the fancy of whales is no surprise. Its bullish prospects as a mix of AI and crypto make it a favorite, not to mention its significant upside potential as a new altcoin.

It recently went live on Uniswap and MEXC after a huge pre-sale, raising $13.6 million. As the country begins its price discovery journey, retailers, as well as whales, are on their way to huge profits. Analysts are optimistic and predict a 30x increase in the coming months.

Besides profits, it will play a crucial role in the AI ​​sector. The crypto-based crowdfunding platform will address fundraising challenges, allowing AI tech startups to raise capital through the QUBE token. On the adoption path, it is no surprise that it is being hailed as one of the new leading crypto coins.

Ripple counters SEC’s $2 billion fine request

In the latest twist in the legal battle between Ripple (XRP) and SEC, the fintech company resisted the agency’s request to seek $2 billion in fines for institutional sales of XRP tokens. It may be recalled that the company achieved a partial victory in the lawsuit in July 2023. However, it was found guilty of institutional selling 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 lawsuit. The fintech company states that the amount is much smaller and that the civil penalty should not exceed $10 million.

According to Ripple Chief Legal Officer Stuart Alderoty, the SEC’s allegations are based on a lost cause. With indicators pointing to an end to this legal battle, XRP is gaining momentum. After all, there is light at the end of the tunnel, with XRP positioned as one of the best coins to invest in – perhaps more attractive than the likes of Wormhole, Starknet and DYM.

Shiba Inu are on whales’ radar

Shiba Inu (SHIB), one of the top meme coins, has caught the attention of major investors. Or whales, in the popular crypto jargon. Its memetic appeal as a leading dog-themed coin and significant upside potential have fueled interest.

As it gains momentum and prepares for a big jump, Shiba Inu is one of the altcoins to keep an eye on. The low price further adds to its appeal: a retail favorite. The interest in whales is undoubtedly a bullish indicator, positioning SHIB as a good crypto to buy.

Conclusion

While Ripple denies the SEC’s $2 billion claims, whales are showing keen interest in Shiba Inu and InQubeta. These are some of the top cryptos that are about to explode right now, especially InQubeta.

Visit the InQubeta website for more information.

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