🩸🩸 A significant movement from the wallet of the founder of Ripple where millions of XRP were transferred to Coinbase: is he preparing to sell? Does he know there is a decline in the #xrp currency?
Data from "XRPSCAN" showed that a wallet associated with "Chris Larsen", the co-founder of Ripple, transferred this week 9.5 million XRP to the Coinbase platform, in a transaction valued at over 26 million dollars.
This movement occurred at a striking moment, as the price of XRP began to rise from $2.8 to over $3.3 in less than 10 hours, recording a jump of 10%.
The sending address is linked to a series of known wallets belonging to "Larsen", who had already transferred approximately 109 million dollars worth of XRP to exchange platforms in January 2025.
Recent movements have raised questions about the intentions to liquidate some of the founder's holdings, as transfers to centralized platforms are generally seen as a potential anticipation of sales.