XRP has seen intense activity this week, with large whale transfers triggering market-wide speculation. Ripple co-founder, Chris Larsen, is facing backlash after moving 50 million XRP, worth $175 million, between July 17 and 23. Blockchain investigator ZachXBT flagged the transfers, noting that about $140 million went to centralized exchanges, which indicates a possible sell-off.
Larsen’s $175M XRP Moves Sparks Speculations
Two addresses received the bulk of the transfer, 30 million XRP each, with another address receiving 10 million XRP. The remaining $35 million in XRP was split between two newly created wallets, receiving 5 million XRP each.
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