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XRP Drops 14% After $175M Moved to Exchange by Ripple Co ...
7 Articles
7 Articles
XRP faces a new wave of uncertainty. Amid an environment of correction for altcoins and increasing volatility, massive token movements have been revealed by Chris Larsen, co-founder of Ripple, which has aroused alarm among investors and cryptocurrency enthusiasts. The drop in price to $2.95, along with the massive sale of tokens, rekindles the debate about centralization and sales pressure within the Ripple project.
Ripple’s Chris Larsen May Continue Massive XRP Sell-Off Amid Price Drop
Ripple co-founder Chris Larsen may not be finished offloading his XRP holdings, according to CryptoQuant analyst J.A. Maartun. Larsen currently controls about 2.58 billion XRP tokens valued at roughly $7.9 billion, and his recent $200 million sale could be just a warm-up, Maartun warned in a recent post on X. The timing of Larsens transactions has raised eyebrows within the crypto community. On July 18, XRP hit an all-time high of $3.66 before p…
XRP Faces Bearish Pressure After Ripple Co-Founder
XRP slumped after Ripple co-founder Chris Larsen moved 50 million XRP worth $170 million, triggering investor concerns and a market-wide selloff. Two major wallets received 30 million and 10 million tokens, likely tied to exchanges; $26 million more was sent to Coinbase. The altcoin is stuck below $3.25 resistance, with RSI showing mixed signals and $3.04 acting as key support. Ripple’s cryptocurrency is facing new selling pressure as Ripple co-…
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