🩸🩸 A notable move from the wallet of the Ripple founder as millions of XRP were transferred to Coinbase: Is he preparing to sell? Does he know that there is a drop in the #xrp currency?
Data from "XRPSCAN" showed that a wallet belonging to "Chris Larsen", the co-founder of Ripple, transferred 9.5 million XRP to the Coinbase platform this week, in a deal valued at over 26 million dollars.
This move came at a significant time, as the price of XRP began to rise from $2.8 to over $3.3 in less than 10 hours, achieving a jump of 10%.
The sending address is linked to a series of known wallets belonging to "Larsen", which had previously transferred around 109 million dollars worth of XRP to trading platforms in January 2025.
Recent movements have raised questions about the intention to liquidate a portion of the founder's holdings, as transfers to centralized platforms are usually seen as a potential precursor to sales.
{#FutureTarding e}
