According to Lookonchain monitoring, 2 addresses, possibly belonging to the same entity, have spent 2.42 million USDC to purchase 10.47 million BULLY at an average price of 0.23 USD in the past 2 days, resulting in a current unrealized loss of 428,000 USD.

[Bitcoin whale bottom buying 👀 ] Although there are giant whales placing a large number of orders on European and American exchanges, the combination of BBW's indicators and the SEC's delay in the application of the Ark Fund all show that this is not a market that will erupt within a few weeks. It should wait until the big bulls start However, judging from the (half) victory of the XRP lawsuit, the shift of national policies, or the desire to regulate cryptocurrencies, etc., for the long-term development of the entire blockchain industry, it is definitely a bully. Don’t let it go if you catch it 😎 Hope this helps you If you like ✅Follow 👍Press up #世界currency##币圈##新闻#

According to news from PANews on July 16, according to Cointelegraph, Ripple CEO Brad Garlinghouse believes that the US Securities and Exchange Commission (SEC) will face a lengthy process before it has the opportunity to appeal the ruling in the case against Ripple Labs. It said, "From a legal point of view, the current law stipulates that XRP is not a security. Frankly speaking, we are very optimistic before the US Securities and Exchange Commission has the opportunity to appeal (which will take several years)." He also emphasized, This is the first time the SEC has lost a "cryptocurrency case." He called the SEC a "bully" and goes after players in the crypto industry who are unable to "put up with a proper defense."

The SEC Is a 'Bully,' Says Ripple Labs CEO After XRP Court Ruling Ripple Labs CEO Brad Garlinghouse criticized the Securities and Exchange Commission (SEC), calling the agency a "bully" after a federal judge ruled that some of Ripple's sales of XRP did not meet the definition of a securities offering. The SEC accused Ripple of illegally raising $1.3 billion through the sale of XRP in 2020. The court's decision stated that XRP was not a security when sold on the secondary market but would be a security when sold to institutional investors.

Golden Finance reported that Ripple Labs CEO Brad Garlinghouse said, I think the U.S. Securities and Exchange Commission (SEC) has always been a bully, and they have been hunting down the weak who cannot take proper defense. The SEC has cracked down on the crypto industry on a mission to protect investors and has ramped up enforcement over the past year.

Odaily Planet Daily News Ripple Labs CEO Brad Garlinghouse (Brad Garlinghouse) called the US Securities and Exchange Commission (SEC) a "bully" on Friday after winning a victory. In the ongoing legal dispute, Ripple emerged victorious on Thursday. A federal judge has ruled that some of Ripple's XRP sales did not fully meet the definition of a securities offering. After the ruling, the value of XRP rose by as much as 85%, and exchanges began relisting the token. "I think the SEC has always been a bully, targeting those who can't defend themselves properly," Garlinghouse said in an interview with Bloomberg. The SEC accused Ripple in 2020 of illegally raising $1.3 billion by selling XRP. However, a judge appeared to decide on Thursday that XRP sold on secondary markets is not a security, but would constitute a security when sold to institutional investors. “The law is that XRP is not a security,” Garlinghouse said on Bloomberg TV. (The Block)