Ripple Co-Founder Moves $60M in $XRP Amid SEC Showdown

Ripple co-founder Chris Larsen has transferred 20 million XRP tokens worth $60.54 million to an unidentified wallet, fueling speculation of strategic accumulation. The move comes as XRP’s price surged 10% to $3.11 in the past 24 hours, with weekly gains reaching 34.51%.

The transfer coincides with the SEC’s renewed legal challenge against the ruling that XRP is not a security. Despite the ongoing lawsuit, market sentiment remains bullish, with predictions suggesting a potential rise to $6. XRP's resilience and high-profile moves continue to bolster investor confidence.