XRP Is Under Pressure After Selling $120 Million Worth of Tokens After on-chain data showed that Ripple co-founder Chris Larsen sold almost $120 million worth of XRP from his own wallets, the market momentum for XRP dropped dramatically. The move, which happened at the same time as a 2.5% drop in price, made traders worry…
Ripple Co-Founder’s Wallets See Significant XRP Activity Recent on-chain data has revealed a flurry of activity from wallets widely attributed to Chris Larsen, the co-founder of Ripple. Since July 15, one particular wallet, identified as “wallet 5” on xrpscan.com, has orchestrated transfers totalling close to 60 million XRP. Despite these substantial movements, this specific wallet…
Chris Larsen, a co-founder and executive chairman of Ripple, has reportedly sent $26 million worth of XRP to the Coinbase exchange on Tuesday, July 15, as the digital asset surged to its highest price in over seven months. While it is not definitively confirmed that Larsen sold the XRP, transferring funds to centralised exchanges typically…
