#XRPUSDT🚨 slipped from last-week's record high as a wallet attributed to Ripple co-founder Chris Larsen made a number of large transactions.

Between July 17 and July 24, the wallet transferred 50 million #XRPGoal , worth approximately $175 million. Some $140 million of that was directed to centralized exchanges, according to blockchain analyst ZachXBT.

Transferring tokens to an exchange is widely interpreted as an intention to liquidate holdings for stablecoins or other tokens because large amounts are usually not stored on exchanges for a long time.$XRP