Chris Larsen, #Ripple ’s co-founder and executive chairman, just moved serious $XRP bags and users are paying attention.

Four separate transactions to Coinbase totaled $26 million, each moving 2 million $XRP (about $6.5M per batch). On Thursday, he followed up with over $40 million in XRP sent to unknown wallets, according to blockchain data.

The sudden on-chain activity has sparked questions across the board. Is this just routine wallet management or something more? With $XRP hovering near key resistance, eyes are now on the next move.