Chris Larsen Moves $175M in
Ripple co-founder Chris Larsen transferred 50M XRP between July 17-23 - triggering speculation and backlash. Blockchain sleuth zachxbt flagged the moves:
~$140M went to centralized exchanges
Largest transfers: 2 wallets received 30M XRP each
XRP dropped 17%, from $3.60 to under $3.10
With Larsen still holding 2.81B (~$8.4B) - nearly 5% of total supply - the community is split: is this a sell-off or just redistribution to long-term holders?
$XRP
