🚨 ALERT: Ripple Co-founder DUMPS $175M XRP!
A wallet linked to #Ripple co-founder Chris Larsen just moved 50 million #XRP, worth $175 million, to exchanges just as the price PEAKED! This move has sparked serious backlash from the crypto community, who are accusing Larsen of "dumping" on the market.
Blockchain sleuth ZachXBT flagged the transactions, noting that about $140 million of the $XRP was sent to centralized exchanges. The timing couldn't be worse, as XRP's price fell after touching a local high of over $3.60.
Larsen still holds an immense amount of XRP, over 2.81 billion tokens, which accounts for about 4.6% of XRP's entire market cap. This kind of concentrated holding can create massive sell pressure. This is a crucial story to watch as the crypto community questions the ethics of such a large scale sell off from an insider! #Altcoins #AltcoinSeason #Altseason
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