Ripple Faces Massive Shock: Allegations of Huge Sale by Co-Founder Crash XRP
The XRP token associated with the Ripple project faced significant pressure after a long liquidation wave shook the Binance platform this week, amidst increasing speculation about the sale of large amounts of tokens by co-founder Chris Larsen.
▪️On-chain investigations reveal the movements
According to blockchain investigator ZachXBT, wallets linked to "Larsen" transferred 50 million XRP, equivalent to about $175 million, to several addresses since July 17. It is believed that around $140 million of this has been moved to centralized exchanges.
▪️On-chain investigations reveal the movements
According to blockchain investigator ZachXBT, wallets linked to "Larsen" transferred 50 million XRP, equivalent to about $175 million, to several addresses since July 17. It is believed that around $140 million of this has been moved to centralized exchanges.
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XRP
3.2582
+2.35%
FUEL
Alpha
0.0079235
+4.55%