risky
Ripple Co-Founder's Massive XRP Transfer Sparks Market Attention
The co-founder of Ripple moved approximately $175 million worth of XRP from his personal wallets before the market correction. Since July 17, a total of 50 million XRP, valued at around $175 million, has been transferred from wallets associated with Chris Larsen to four different addresses. A well-known crypto detective, ZachXBT, shared this information on X. Of this transferred sum, $140 million was sent to exchanges and third-party platforms, with the remaining $35 million moved to two new wallets. Notably, XRP hit a record high of $3.65 on July 18, before declining roughly 17%. ZachXBT estimates that over 2.81 billion XRP, approximately $8.4 billion, continues to be held in wallets linked to Larsen.
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AI Analysis
The recent transfer of $175 million worth of XRP from Ripple co-founder Chris Larsen's wallets marks a significant event in the crypto market. Such a substantial movement just before a market correcti...
AI Recommendation
Investors and traders should exercise caution and monitor upcoming movements of XRP, especially given this large transfer from Larsen's wallets. While the current holdings are substantial, the potenti...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.