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The background of Chris Larsen moving tens of millions of dollars worth of XRP
Chris Larsen, co-founder and chairman of Ripple, carried out a large-scale asset transfer in mid-last month. According to blockchain data, Chris Larsen transferred a total of $26 million worth of XRP to multiple addresses, including Coinbase. This movement is being closely watched as a sell signal from large holders in the cryptocurrency market.
Large-Scale XRP Movement Transactions
The asset transfer by Chris Larsen was recorded as four separate transactions. Each transaction involved the sequential transfer of 2 million XRP, totaling $26 million. During the same period, over $40 million worth of XRP was sent to another unknown address, indicating active large on-chain activity, which has attracted attention among market participants.
Transaction Patterns Seen from Blockchain Data
The transactions by Chris Larsen this time are characterized by being executed in stages at specific times. The strategy of splitting the transfers into multiple transactions may be aimed at minimizing sudden market impact. Such large transactions can significantly influence XRP’s liquidity and price formation, making this information important for market participants.
Latest XRP Market Data and Price Trends
The current price of XRP is $1.91, with an all-time high of $3.65 recorded. Last month, the price was on an upward trend, trading above $3.40 at that time. How Chris Larsen’s recent asset transfer will affect market sentiment and XRP’s future price movement remains a key point of ongoing investor interest.