NewsletterXRP News: Ripple Chairman Chris Larsen Moves Another 18M XRP, What’s Next?
Highlights
- Chris Larsen transferred 18M XRP to Binance and Bittrex, stirring community speculation.
- Ongoing XRP transfers fuel discussions about market impact.
- Ripple's hefty XRP moves coincide with US SEC's potential lawsuit appeal speculations
XRP news: Chris Larsen, the chairman and co-founder of Ripple, has transferred a substantial amount of XRP tokens. On Monday, Larsen moved 3 million XRP to Binance and an additional 15 million XRP to a wallet activated by Bittrex. This recent activity follows a pattern observed over the past few months where Larsen has transferred significant quantities of XRP, leading to widespread discussion among investors and analysts regarding the potential implications for the XRP market.
Chris Larsen Transfers 18M XRP to Exchanges In Latest XRP News
In recent XRP news, Chris Larsen has once again moved a notable amount of XRP to various exchanges. Yesterday, 3 million XRP were sent to Binance, with an additional 15 million directed towards a Bittrex-activated wallet. This continues a series of large transfers by Larsen, sparking varied speculation across the XRP community.
Additionally, just last week, Larsen was reported to have moved 20 million XRP, adding to the prior transfer of 50 million XRP earlier in the month. These considerable quantities point to a pattern of distribution or liquidation that has kept market watchers on alert, pondering the potential impacts on XRP price.
Market Reactions and Speculations
The recurring transfers by Chris Larsen have ignited discussions and speculations among investors and market analysts. Many in the XRP community are analyzing the effects of these large-scale token transfers. They consider the potential impacts on XRP’s liquidity and price volatility.
More so, some speculate that these might be strategic moves to manage liquidity before major market or regulatory events. Others wonder if they signal personal portfolio adjustments by the Ripple chairman. The unclear motives behind these XRP news highlights the influence of major token movements by key figures in the sector.
Notably, the transfers coincide with crucial periods for Ripple, particularly considering the looming speculations around the US SEC’s lawsuit appeals. Additionally, Chris Larsen has invested heavily in San Francisco’s political scene, contributing millions to various politicians. This adds to the mystery on his recent large transfers to exchanges.
Further adding to the intrigue are Ripple’s recent moves involving 200 million XRP, valued at approximately $117 million, transferred to an undisclosed wallet. This event aligns closely with growing discussions regarding a possible last minute appeal by the US SEC in the ongoing lawsuit against Ripple, an issue that has dominated XRP news and influenced market sentiment significantly.
The current XRP price stands at $0.5865, reflecting a modest uptick of 0.29% over the past seven days. Despite recent fluctuations and movements, the market has seen periods of surge and shown resilience.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Ripple Moves Over $101 Million in XRP to Binance, What’s Next?
- BONK Scores Major Win as Team Adjusts Fee Structure to Boost DAT Purchases
- Kalshi, Robinhood and Crypto com Face Cease & Desist Order in Connecticut
- First Chainlink ETF Sees Massive Investor Activity with $41M in Inflows on Launch
- $12T Charles Schwab to Launch Bitcoin and Ethereum Trading in Early 2026, CEO Confirms
- Ethereum Price Reclaims $3,200 as Shark Wallets Accelerate Accumulation
- Dogecoin Price Holds $0.15: Bullish Reversal or Just a Temporary Bounce?
- Sui Price Surges 10% As Vanguard Group Adds SUI to Bitwise 10 Crypto Index
- Bitcoin Price Prediction: Will Next Bull Run Push BTC to $100,000?
- Pepe Coin Price Risks 80% Crash as Alarming Pattern Forms and 6.5T Inflows
- Chainlink Price Surges 20%: What’s Driving Massive Upswing?
