Ripple co-founder sent over $100M in XRP to exchanges in January

Chris Larsen, co-founder of Ripple, has moved much than $100 cardinal worthy of XRP to exchanges successful January.

Blockchain researcher ZachXBT flagged the transactions successful a Jan. 30 post connected X. He reported that wallets linked to Larsen transferred implicit $109 cardinal successful XRP to Coinbase, Bitstamp, and Bybit this month.

Notably, these transfers travel arsenic the XRP terms roseate by astir 50% this period to reach a 7-year precocious of much than $3.

Meanwhile, CryptoSlate’s investigation of Larsen’s wallet shows that the first transaction occurred connected Jan. 6, with 10 cardinal XRP sent to Coinbase. A 2nd transportation followed connected Jan. 16, moving 20 cardinal XRP to an unidentified address. Another 10 cardinal XRP near his wallet connected Jan. 22. On Jan. 29, helium executed 2 much transfers, each moving 5 cardinal XRP to abstracted destinations of rPS9kVPbg and rhSKLjKNxi.

In total, Larsen moved 50 cardinal XRP successful January, an magnitude presently valued astatine astir $155 cardinal based connected XRP’s marketplace terms of $3.10.

Despite these transfers, Larsen’s wallet inactive holds astir 400 cardinal XRP tokens, which, astatine the existent valuation, would beryllium worthy $1.24 billion.

The station Ripple co-founder sent implicit $100M successful XRP to exchanges successful January appeared archetypal connected CryptoSlate.