Ripple Chairman Chris Larson Moves 20M XRP: What’s Behind the Transfer?
Ripple Chairman Chris Larsen’s 20M XRP Transfer Raises EyebrowsRipple Chairman Chris Larsen has stirred intrigue in the crypto community after transferring 20 million XRP tokens worth approximately $60.54 million. This transaction coincides with XRP maintaining its price above $3, even as Ripple remains locked in a high-stakes legal battle with the SEC.A recent report reveals that Chris Larson, the Chairman of Ripple, transferred around 20 million XRP tokens to an unknown wallet at a value of $3.027. The report also states that the recipient wallet moved at least 10 million XRP to another wallet, which then liquidated over 4 million XRP on coinbase coinbase - [email protected] WalletCentralised Exchange The data suggests that 16 million XRP from the initial transaction remains untouched, prompting discussions about the possible reasons behind Larsen’s actions.Within the XRP community, opinions are divided. Some believe the transfer could be tied to Ripple’s ongoing lawsuit with the SEC, while others speculate it might indicate Larsen’s personal liquidation efforts.Interestingly, Larsen’s wallet, which remained inactive for over 11 years, has transferred at least 80 million XRP in the past five months. Notable activity includes a September transaction involving 50 million XRP tokens, which were liquidated over two weeks.History Repeats Itself?Experts suggest that the recent transfer mirrors September’s pattern, potentially signaling a broader trend. However, the implications of such whale activity on the market remain uncertain.As Ripple battles regulatory scrutiny, these movements are becoming a focal point for both investors and the XRP community.Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. Daily Get real-time crypto news, market insights, and blockchain updates. Weekly Stay updated with major trends, funding news, and price analysis. Monthly Receive a detailed report with market analysis and expert predictions.