Ripple Chair's 20 Million XRP Move Sparks Discussion

user avatar

by Giorgi Kostiuk

2 years ago

Chris Larson, chairman of Ripple, recently transferred 20 million XRP, attracting attention as XRP remains above $3 amid Ripple's legal battle with the SEC.

Ripple Chairman's Fund Transfer

A recent report reveals that Chris Larson transferred around 20 million XRP tokens to an unknown wallet at a value of $3.027. The recipient wallet then moved at least 10 million XRP to another wallet, which liquidated over 4 million XRP on Coinbase. Thus, 16 million XRP from the original transfer remains intact.

Speculation Surrounding the Transfers

The XRP community speculates that the transfer might relate to Ripple’s ongoing SEC lawsuit or Larson’s personal liquidation efforts. Notably, the Ripple chairman’s wallet has transferred at least 80 million XRP in just five months, after being dormant for over 11 years. In September, at least 50 million XRP tokens were moved by Larson in a simpler manner, and these were liquidated over two weeks. Some experts believe that the recent activity mirrors the September pattern.

Market Implications

Chris Larson’s actions highlight ongoing whale activity and raise questions about market impacts. As Ripple navigates its legal battle, Larson’s movements remain a focal point for investors and the XRP community.

Chris Larson's recent activities with XRP tokens continue to intrigue the community, raising questions about potential market impacts amidst Ripple and SEC's legal proceedings.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Solana Ecosystem Tokens Outperform Broader Altcoin Market

chest

Recent performance benchmarks indicate that Solana ecosystem tokens are outpacing the broader altcoin market, highlighting the active internal rotation within the network.

user avatarSon Min-ho

Arbitrum Achieves $814 Million in Daily DEX Volume

chest

Arbitrum has recorded an impressive $814 million in daily decentralized exchange volume, showcasing strong activity on the Ethereum Layer2 network.

user avatarAyman Ben Youssef

Securitize Enhances Tokenization Framework for Public Equities

chest

Securitize has enhanced its framework for tokenizing public equities, contributing to the integration of traditional assets into blockchain infrastructure.

user avatarTando Nkube

Significant Surge in Dogecoin Network Activity

chest

Significant surge in Dogecoin network activity with a 35% rise in active addresses and daily transactions exceeding 12 million.

user avatarKofi Adjeman

XRP Ledger Reaches 3 Billion Transactions Milestone

chest

The XRP Ledger has achieved a remarkable milestone by crossing 3 billion cumulative transactions.

user avatarNguyen Van Long

Cardano's Blockchain Verification Infrastructure Deployed by Major Retail Group

chest

A major retail group has successfully deployed blockchain verification infrastructure built around Cardano's ecosystem, enhancing the verification of authenticity, origin, and sustainability claims within supply chains.

user avatarSatoshi Nakamura

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.